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Opteum Financial acquires Baytree assetsMortgagePress.comOpteum Financial Services, Baytree
Opteum Financial Services LLC has announced that it has
purchased certain assets of Baytree Lending Company. The
acquisition is part of Opteum's plan to further expand its
wholesale presence in the Midwest and service the area's mortgage
brokers.
"Opteum acquired these assets because of Baytree Lending's
outstanding track record of success in the Great Lakes states,
complementary alt-A product portfolio and seasoned staff of
dedicated professionals," said Rick Floyd, Opteum's executive vice
president and national production manager. "Through this
acquisition, we will expand our geographic scope in this region and
introduce the Opteum brand to Baytree's stable of successful broker
clients."
Paramus, N.J.-based Opteum Financial Services LLC, a subsidiary
of real estate investment trust Opteum Inc., originates, buys,
sells and services residential mortgages. For more information,
call (201) 225-2000 or visit www.opteum.com.
Baytree Lending Company, a subsidiary of Baytree National Bank
and Trust Company, is a first and second mortgage lender based in
Oakbrook Terrace, Ill. For more information, call (800) 601-9002 or
visit www.baytreelending.com.
