FFC Mortgage Acquires University Mortgage – NMP Skip to main content

FFC Mortgage Acquires University Mortgage

NationalMortgageProfessional.com
Feb 06, 2015
FFC Mortgage Corporation has announced the addition of its newest branch in Dayton, Ohio

FFC Mortgage Corporation, a New York-based lender founded in 1987, has announced the acquisition of University Mortgage. Led by Chief Executive Officer Steven LoBue, the University merger brings more than 20 full-time employees to FFC, and adds an estimated $15 million in monthly closed loan volume to FFC’s existing production.

“We are pleased to add such a productive and talented group to our FFC family," said Doug Reilly, president of FFC Mortgage. "This merger is yet another step in our continually expanding footprint. Steven [LoBue] and his team have established themselves as leaders in their New Jersey marketplace and we look forward to continuing our growth together.”

LoBue brings more than 15 years of industry experience to FFC in all aspects of mortgage sales, management, marketing and start-ups. After the initial onboarding and integration are complete, he and his leadership team of Brian Kelly and Shawn Miller will manage and grow the existing location, begin to pursue additional M&A opportunities, and recruit new branch locations.

"Not only am I looking forward to the new dynamic with FFC, but I am also pleased to be working again with my leadership team of Brian Kelly and Shawn Miller," said LoBue. "As the former partners of One Source Mortgage, we established systems and practices that we are confident will contribute to FFC immediately.”

Published
Feb 06, 2015
KBRA Assigns Preliminary Ratings To CSMC 2022-NQM1 Trust

Kroll Bond Rating Agency assigned preliminary ratings to CSMC 2022-NQM1, a $553.7 million non-prime RMBS transaction sponsored by DLJ Mortgage Capital, Inc.

Non-QM
Jan 25, 2022
Hunt Mortgage Appoints Chief Operating Officer

Bindiya Jain previously has served as a vice president at South Shore Bank and at UniBank for Saving. 

Industry News
Jan 25, 2022
Guild Mortgage Names VP Of Marketplace Diversity Strategy

Guild Mortgage named Victoria Garcia DeLuca as the company's vice president of marketplace diversity strategy, which is aimed at increasing homeownership among minorities and underserved markets.

Industry News
Jan 25, 2022
Deephaven Introduces Jumbo-Prime Loans

Non-agency/non-QM Deephaven Mortgage announced a new jumbo-prime loan product, as it looks to help mortgage banks and brokers compete for high-net-worth borrowers.

Jumbo
Jan 25, 2022
Rocket Mortgage Brokers Now Backed By A Crew Of Experts

Every broker partner with the company will have direct access to a small, dedicated team of mortgage experts to answer their loan questions.

Industry News
Jan 24, 2022
Atlanta Real Estate Agent Sentenced For Running Multi-Year Mortgage Fraud Scheme

So far, up to 11 people have plead guilty in Federal Court to the multi-year mortgage fraud scheme, which netted more than $21 million in fraudulent mortgage loans.

Industry News
Jan 24, 2022