Pursuits
Growing Mortgage Lender Sees End Game as Loan ‘Middleman’
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Stan Middleman’s Freedom Mortgage Corp. did something last quarter that the rest of the nation’s biggest housing lenders couldn’t: increase its loan volume.
As all of the other top 15 companies posted lower originations than in the prior period amid a 23 percent industrywide drop, Freedom’s lending grew 19 percent, according to data compiled by newsletter Inside Mortgage Finance. The Mount Laurel, New Jersey-based firm’s $3.8 billion of mortgages lifted it seven spots from its 2013 ranking, to No. 12.