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Freedom Mortgage Completes Sterling Acquisition

Phil Hall
Aug 15, 2016
The Lenders One Cooperative, a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services, has announced that its network of vendors continues to grow

Freedom Mortgage Corporation announced the completion of its acquisition of the residential mortgage origination operations of Sterling National Bank, the principal subsidiary of Sterling Bancorp.

The Mount Laurel, N.J.-based Freedom will now handle all residential mortgage inquiries from the customers at Sterling National Bank. The acquisition will also expand Freedom’s presence into the greater New York City and Hudson Valley markets that Sterling serves.

"We look forward to carrying on the tradition of excellence that has been a Sterling National Bank hallmark since 1888," said Freedom Mortgage CEO Stanley C. Middleman.  "The entire region will benefit from the fast response, personalized service and complete range of home mortgages that Freedom offers throughout the United States," he said.  "We are delighted to have this excellent group of dedicated professionals on the Freedom Mortgage team."

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