A company that claims to be one of the country’s biggest private mortgage lenders has taken on a new identity.
Real Estate Mortgage Network Inc. says that it is “one of the nation’s largest privately held, non-bank lenders.”
The Iselin, N.J.-based firm reported that its 1,300 associates operating in more than 70 retail branches generated $6 billion in home loan production last year.
The servicing portfolio includes around 40,000 Fannie Mae and Ginnie Mae loans.
Following months of research and careful consideration, REMN said Monday that it has changed its name to HomeBridge Financial Services Inc.
“We believe it is a smart move, particularly for our retail mortgage segment, because it directly correlates to what we do for home buyers, home owners and housing industry professionals — we provide a bridge to fulfilling the American dream of home ownership,” HomeBridge Chief Executive Officer Peter Norden said in the news release. “We also believe the HomeBridge name will help us continue to grow as more customers realize that one easy name represents exceptional service, fiscal strength and uncompromising integrity.”
The HomeBridge brand was first introduced in 2012 with the launch of HomeBridge Funding, a correspondent lending division, and HomeBridge Wholesale, a second wholesale lending division.
The company’s original wholesale division, REMN Wholesale, will keep its name “due to the unique nature of its business and existing client base.”
