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2021 HW Finance Leader: Mike Patterson

Mike Patterson2

As chief operating officer, Mike Patterson has been invaluable to Freedom Mortgage, which experienced unprecedented growth in 2020. Patterson leads financial oversight and planning for 12 support service teams including mergers and acquisitions, capital markets, corporate finance, HR, facilities, investor relations and corporate communications, all of which are critical to the company’s success. During 2020, Freedom Mortgage grew its originations business by more than 2x and funded $134 billion. The company also successfully accessed the capital markets to invest in its growth with corporate debt and MSR and servicing advance securitizations issued under Patterson’s oversight and raised over $1 billion in corporate secured and unsecured debt through the capital markets. Patterson’s efforts also helped the company add more than 5,600 employees — mortgage professionals and support staff — to handle the company’s tremen- dous growth. Much of the growth and success that Freedom Mortgage saw in 2020 can be attributed to Patterson’s leadership.

Name:

Mike Patterson

Title:

Chief Operating Officer

Company Name:

Freedom Mortgage

3d rendering of a row of luxury townhouses along a street

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