Press

HomeBridge strives to provide the highest level of customer service to everyone we work with, including journalists. Whether you need someone from our leadership team, a local market expert or a niche product specialist, we’ll do our best to accommodate your request.

About HomeBridge

HomeBridge Financial Services, Inc. is one of the largest privately held, non-bank lenders in the United States. In the last 25 years, HomeBridge has grown to include nearly 3,000 associates throughout its corporate offices, 250 retail branches and two wholesale divisions, HomeBridge Wholesale and REMN Wholesale. HomeBridge holds FNMA, GNMA, FHLMC, FHA and VA approvals and funded more $18 billion in home loans in 2016, which includes the acquisition of the assets of Prospect Mortgage. The company securitizes the majority of its production and as of October 2017, its servicing portfolio totaled $21.2 billion. More information on HomeBridge can be found online at www.HomeBridge.com.

Key Statistics

The Basics

  • Founded in 1989
  • Headquartered in Iselin, NJ
  • More than 3,000 associates from coast to coast
  • More than 250 licensed locations in 34 states
  • Licensed to originate loans in 49 and Washington, D.C.
  • $18.29 billion (includes the assets of Prospect Mortgage) funded in 2016
  • $10.15 billion funded through September of 2017
  • In house servicing portfolio totaling nearly $22 billion

The Rankings

  • Nation’s #1 203(k) renovation lender*
  • Top-25 Purchase Lender**
  • Top-15 FHA Purchase Lender**
  • #2 Mortgage Loan Originator in the nation works at HomeBridge***
  • Nine HomeBridge Mortgage Loan Originators in the Top 200***
  • 68 HomeBridge Mortgage Loan Originators in the nation’s top 1%***
*HUD Endorsement Summary
**2017 Q2 Corelogic Data
***Mortgage Executive Magazine, 2016 Production Rankings

Leadership Team

  • Peter Norden, Chief Executive Officer
  • Joel Katz, President
  • Joe Sheridan, Chief Operating Officer

Media Contacts

HomeBridge strives to provide the highest level of customer service to everyone we work with, including journalists. Whether you need someone from our leadership team, a local market expert or a niche product specialist, we’ll do our best to accommodate your request.

Please email press@HomeBridge.com with your contact info, a description of your needs, along with your deadline, and our communications team will quickly respond.

Acquisition of Prospect Mortgage’s Operating Assets

HomeBridge Purchases Operating Assets of Prospect Mortgage, Becoming One of the Largest Non-Bank Mortgage Lenders in the United States.

ISELIN, N.J. (February 2, 2017): HomeBridge Financial Services, Inc., a national independent mortgage lender, completed today the purchase of the operating assets of Prospect Mortgage, LLC from Prospect Holding Company, LLC. First announced on November 1, 2016, the purchase now makes HomeBridge one of the largest non-bank mortgage lenders in the country, with retail branches nationwide and two thriving wholesale divisions, REMN Wholesale and HomeBridge Wholesale. According to Scotsman Guide’s annual top mortgage lenders rankings, HomeBridge should become one of the 10 largest non-bank mortgage lenders for overall production.

HomeBridge CEO Peter Norden, President Joel Katz and Chief Operating Officer Joe Sheridan will continue to lead the business.

“HomeBridge’s acquisition of Prospect’s operating assets vastly increases our ability to service the needs of home buyers and the greater housing industry in both existing and new markets. Through the acquisition, we now have improved access to capital while remaining the entrepreneurial and nimble mortgage lender the industry knows us as,” said Norden. “As an independent mortgage lender, HomeBridge is an industry leader in its ability to effectively balance profitability and volume, while continuing our commitment to operating in compliance and providing customers with a level of service rarely seen in the financial world.”

In connection with the asset purchase, approximately 500 mortgage loan originators from Prospect, responsible for $8.4 billion in loan production in 2016, are now HomeBridge mortgage loan originators.

Other highlights from the acquisition include:

  • HomeBridge’s retail footprint now includes more than 250 branch locations in 35 states.
  • Approximately 413 operations and 246 corporate associates joined HomeBridge, bringing the total number of full-time HomeBridge associates to nearly 3,000.
  • HomeBridge will become the nation’s largest producer of 203(k) renovation mortgages, with more than double the production of the nearest competitor. The U.S. Department of Housing and Urban Development listed Prospect and HomeBridge first and second, respectively, in its recent year-end 203(k) endorsement summary report.

HomeBridge remains licensed to originate loans in 49 states and Washington, D.C.

HomeBridge’s Name Change

Real Estate Mortgage Network, Inc., Changes Name to HomeBridge Financial Services, Inc.

ISELIN, N.J. (February 3, 2014): Effective immediately, Real Estate Mortgage Network, Inc. (REMN) has changed its name to HomeBridge Financial Services, Inc. (HomeBridge). As one of the nation’s largest privately held, non-bank lenders, the company’s new name reflects its focus on making the home mortgage process easier for customers.

“The decision to change our name from REMN to HomeBridge was based on many months of research and careful consideration,” commented Peter Norden, chief executive officer of HomeBridge. “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. 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.”

HomeBridge has grown significantly since its founding in 1989 and today comprises nearly 1,300 associates, more than 70 retail branches from coast to coast, two separate wholesale operations and a rapidly developing correspondent division. In addition, the company is an approved GNMA and FNMA seller servicer and services approximately 40,000 loans today.
In the fall of 2012, the company launched its correspondent division, HomeBridge Funding, and a second wholesale division, HomeBridge Wholesale, as separate business units under the REMN umbrella. Moving forward, these two divisions will maintain their existing names as divisions of HomeBridge Financial Services, Inc. Due to the unique nature of its business and existing client base, the Company’s original wholesale division, REMN Wholesale, will not be changing its name.

To support awareness of the HomeBridge name, ads will appear in national trade publications and more than 100 regional media outlets in key markets.

“As HomeBridge, we will continue to offer the flexibility and personal approach of a small business combined with the security of a large, financially stable corporation,” added Mr. Norden. “We take great pride in being known for our dedication to customer service. Our focus on delivering a positive experience, instead of merely completing a transaction, will remain unchanged.”

HomeBridge corporate headquarters will remain in Iselin, N.J. For more information, call (866) 933-6342, email customerservice@homebridge.com or visit www.HomeBridgeInc.com.