Details

Industries

Finance,Financial Services

Founded date

Jan 1, 1989

Number Of Employee

1001 - 5000

Operating Status

Active

Based in Iselin, New Jersey, HomeBridge is one of the largest privately held, non-bank residential mortgage lenders in the United States. Over more than a quarter-century in business, the company has cultivated a cross-country footprint that includes some 250 branch offices with nearly 3,000 associates. HomeBridge also has two wholesale divisions, HomeBridge Wholesale and REMN Wholesale.

As of January 2017, HomeBridge’s servicing portfolio was valued at almost $17 billion. In 2016, the firm originated nearly $19 billion in loans, securitizing the vast majority of that production. HomeBridge holds current approvals for FNMA, GNMA, FHLMC, FHA and VA loans.

HomeBridge continues to pursue a measured strategy of growth through acquisition. In early 2017, the company finalized the purchase of the operating assets of Prospect Mortgage, LLC, from Prospect Holding Company, LLC. The transaction added approximately 500 mortgage loan originators—responsible for originating more than $8 billion in residential mortgage loans in 2016—to the HomeBridge team.

HomeBridge is a full-spectrum residential mortgage lender. Its traditional products include conventional (fixed and adjustable-rate) mortgages; jumbo and super jumbo mortgages; FHA, VA and USDA mortgages; and reverse mortgages. The company also offers niche mortgage loans, including FHA 203(k) and 203(h), 100% cash out VA, construction-to-permanent, interest-only and energy-efficient, as well as non-warrantable condo loans. HomeBridge’s portfolio additionally includes some mixed-use and commercial loans.

HomeBridge’s leadership team is helmed by Peter Norden, who assumed CEO duties in January 2012. Mr. Norden has more than 35 years of experience in the residential mortgage lending industry, including two decades as an executive. He currently sits on the Fannie Mae CEO Advisory Board and is a past president of the Mortgage Bankers Association of New Jersey.

Peter Norden’s supporting cast includes president Joel Katz, a 20-year veteran of the residential mortgage sector. Mr. Katz previously served in executive leadership roles at Fortress Investment Group and Salomon Smith Barney (later Citigroup). He is a past CEO of National Mortgage Company.