Items Tagged with 'Freedom Mortgage Corp.'

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  • From HW Magazine

    2018 Rising Stars: Joel Davis

    Executive Director at Freedom Mortgage Corp.
    With more than 15 years of call center and financial services experience, Joel Davis, executive director at Freedom Mortgage Corp., continues to find ways to improve the customer experience. Davis manages a team of more than 350 employees dedicated to customer care as well as other operational functions.
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  • New York Community Bank selling mortgage business to Freedom Mortgage, Cerberus

    Selling off assets acquired as part of 2009 rescue of AmTrust Bank
    New York Community Bank is getting out of the mortgage business – sort of. The bank announced Tuesday that it is selling its mortgage banking business, including its origination and servicing platforms, and the bank’s mortgage servicing rights portfolio, to Freedom Mortgage. But NYCB isn’t exiting the mortgage business entirely.
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  • Freedom Mortgage acquires Sterling National Bank mortgage lending business

    Expands presence in New York
    Freedom Mortgage Corporation is increasing its presence in the state of New York by acquiring the residential mortgage lending business of Sterling National Bank, the principal subsidiary of Sterling Bancorp. The deal represents Freedom Mortgage's second significant acquisition in just over a month, as the company pushes to expand its business.
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  • Freedom Mortgage to pay $113 million for FHA violations

    Unusually high levels of defective mortgages
    Freedom Mortgage Corporation now has more in common with Wells Fargo, Franklin American Mortgage, Walter Investment, and First Tennessee Bank than simply being mortgage lenders, as Freedom Mortgage is set to become the latest mortgage company to settle with the Department of Justice over alleged violations of the False Claims Act.
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  • Freedom Mortgage found guilty of defrauding homeowner

    Court rules lender violated New Jersey Consumer Fraud Act
    “These facts then lead to the conclusion that the loan was granted in order to engender fees for the lender and not for the benefit of the borrower,” Bergen County Superior Court Judge Gerald Escala wrote in his decision.
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  • HUD fines Freedom Mortgage over discrimination claims

    Lender forced disabled applicants to provide proof of disability income
    In one case, a loan applicant provided medical documentation of his disability, a Department of Labor Work Capacity Evaluation form, and a benefits statement showing regular disability payments since 2009. Nonetheless, Freedom Mortgage allegedly continued to request proof that the income would continue for at least three years.
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  • Freedom Mortgage launches outsourcing division

    Regional banks, credit unions can completely outsource mortgage services
    Freedom Mortgage says the new Financial Institutions Partner Group will fill the industry's need for complete outsourced mortgage services specifically for small to midsize financial institutions.
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  • Cherry Hill Mortgage closes on IPO

    Will use proceeds to buy MSRs
    Cherry Hill Mortgage Investment Corp., which is managed by an affiliate of Freedom Mortgage Corp., closed on its initial public offering of 6.5 million shares of common stock Wednesday, with shares listed at $20 per share.
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