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
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026