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.”