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HUD Recognizes HomeBridge Financial as Top Renovation Lender

NationalMortgageProfessional.com
Oct 25, 2017
HomeBridge Financial Services has announced the addition of six experienced mortgage loan originators in its growing branch locations throughout the Northeast

HomeBridge Financial Services has been named the nation’s leading renovation mortgage lender, according to the U.S. Department of Housing & Urban Development (HUD) year-end 203(k) Endorsement Summary. In its report, HUD stated that HomeBridge’s retail platform and two wholesale divisions, HomeBridge Wholesale and REMN Wholesale, combined for 1,083 endorsements in 2017, 217 more endorsements than the second highest lender.
 
“While it’s a great achievement for HomeBridge to be listed as the top-producing 203(k) lender in HUD’s report, our goal is not just to be the biggest, but also to be the most customer-friendly renovation lender in the country,” said Steven Marshall, HomeBridge’s National Director of Renovation Lending. “While some lenders steer away from renovation loans because they can be more complicated to close, HomeBridge is dedicated at every level to helping borrowers and our professional colleagues navigate the process for the benefit of the entire housing industry.”
 
In the wake of the recent hurricanes and tropical storms to affect the country, HomeBridge is offering the 203(h) loan program to borrowers whose primary residence is located in a Presidentially declared disaster area. These loans feature 100 percent financing and can be used by qualified borrowers for the purchase or reconstruction of a home if the borrower’s residence was either destroyed or damaged to such an extent that reconstruction or replacement is necessary.
 
“HomeBridge’s vision is to be the most recommended mortgage lender in the country, and that can only be achieved by offering our customers the best possible loans tailored for their individual situations,” said Rick Floyd, Partner and Executive Vice President at HomeBridge. “HUD’s ranking is just the most recent example of how dedicated our associates are, at every level, to providing our customers and industry colleagues with the highest level of customer service possible.”


 
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