MLB Residential Lending to Merge With The Hills Mortgage – NMP Skip to main content

MLB Residential Lending to Merge With The Hills Mortgage

Jul 24, 2017
MLB Residential Lending LLC and The Hills Mortgage and Finance Company LLC have announced that they will be merging

MLB Residential Lending LLC and The Hills Mortgage and Finance Company LLC have announced that they will be merging. The mutual merger is expected to be completed by Aug. 31, 2017 and will operate under the name “MLB Residential Lending LLC.”
 
MLB Residential Lending LLC currently features 15 branches and more than 150 employees, and the merger will combine the vast industry knowledge of both executive teams, while expanding and maintaining the core principles that each company was founded upon. The Hills Mortgage and Finance Company LLC was started in 2000, and was consistently ranked in the Top 10 Mortgage Brokers in NJ for total loan volume, voted “Best Mortgage Company” locally, and has originated in excess of $1 billion in residential mortgages.
 
“This is a very exciting opportunity for our loyal customers, our referral partners and myself,” said Justin M. Demola, President of The Hills Mortgage and Finance Company. “It not only allows us to offer the same great rates, fees and service to our customers, but offers so much flexibility in terms of product offering and efficiency. The new operational platform will significantly shorten the processing time resulting in faster closings for our customers.”
 
Demola will serve as Chief Operating Officer following the merger.
 
“The Hills is a compliance, technology and operational industry success story,” said Samuel P. Lamparello, Chief Executive Officer of MLB Residential Lending. “This will make Justin [Demola] a new and exciting addition to our company and we are ready to see what we can learn from him.”

 
About the author
Published
Jul 24, 2017
July CPI Eases Mortgage-Rate Risk, But Doesn’t Promise Relief

Consumer inflation rose just 0.1% in July, reducing pressure for a September Fed rate hike as mortgage rates remain near their highest levels of the year

Aug 13, 2026
The Fed Held. The Mortgage Market Got A Warning.

Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief

Jul 30, 2026
New Study Finds UWM's 'All-In' Triggered Industrywide Pricing Spillovers

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Jul 15, 2026
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Jul 10, 2026
Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Jul 09, 2026
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Jul 02, 2026