Based in Iselin, N.J., Real Estate Mortgage Network, Inc. officially changed its name to HomeBridge Financial Services, Inc, reflecting the company’s 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,” Peter Norden, CEO of HomeBridge, said.
“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,” he added.
The lender was founded in 1989 and has grown to nearly 1,300 associates, more than 70 retail branches from coast to coast, two separate wholesale operations and a correspondent division.
In the fall of 2012, the company started its correspondent division, HomeBridge Funding, along with a second wholesale division, HomeBridge Wholesale, as separate business units under the REMN umbrella.
However, due to the unique nature of the company’s original wholesale division, REMN Wholesale will not be changing its name.
“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,” Norden said.
“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,” Norden said
HousingWire ran a feature on HomeBridge correspondent lending back in June 2013 on how the lender’s correspondent platform is a model for aggregating which allows it to ramp up the servicing portfolio, which is one of the primary focuses of the enterprise.