W.J. Bradley Mortgage Capital LLC has announced that the principals of Legacy Group Lending Inc. of Bellevue, Wash., and its nearly 300 loan originators and employees have joined the company. With the addition of Legacy’s 23 branch locations, its operations center, and nearly $150 million in monthly loan origination, W.J. Bradley has taken a significant position in the Pacific Northwest market and has further expanded its share in the Western region.
“We’ve been searching for the right partner in the Pacific Northwest for some time; the production capability and strong reputation maintained by the Legacy Group and its employees makes Legacy an ideal fit for us,” said William J. Bradley, founder and CEO of W.J. Bradley. “Having similar values and like-minded leadership presents a cultural synergy that compliments our combined operational strength, and we’re confident that, together, we’re well-positioned for exponential growth.”
In 2012, W.J. Bradley originated $6.4 billion in residential mortgage loans and the Legacy Group originated $1.6 billion.
“Early in our discussions with W.J. Bradley, we recognized the integrity from which this company operates, and the fit between our two groups was a natural one,” said Scott Rerucha, CEO of Legacy. “Joining W.J. Bradley offers us access to a robust platform–incredible technology and infrastructure, expanded loan products and programs, enhanced servicing support and improved pricing–that supports our growth strategy, as we expand throughout our key regions with accelerated speed.”