Skip to main content

Homebridge Acquires HomeStreet Bank’s Home Loan Center-Based Mortgage Origination Business

Jun 06, 2019
Homebridge Financial Services added a new branch in the Fort Worth, Texas suburb of Aledo to be led by Sales Manager Shonn Cournyer, a 20-year industry veteran

Homebridge Financial Services has completed phase one in the acquisition of the distributed retail mortgage banking segment of HomeStreet Bank, a wholly-owned subsidiary of HomeStreet Inc. Phase one of the acquisition includes the mortgage loan production branches and fulfillment functions in Washington, Oregon and Idaho, including processing, underwriting and funding—and the hiring of related personnel. Phase two will include locations in California and Hawaii and is expected to be completed later this month.
 
The acquisition of HomeStreet’s home loan centers and related personnel raises Homebridge’s profile to now include 241 retail branches throughout the country and increases its personnel count to 2,344 associates. As a result, Homebridge will now be among the top 10 privately owned, independent mortgage lenders in the country based on volume.
 
“With Homebridge’s focus on customer satisfaction and a culture of growth and collaboration, we see the HomeStreet Mortgage team as a seamless fit,” said Peter Norden, CEO of Homebridge. “We look forward to the opportunity to incorporate the HomeStreet Mortgage team into our leading retail mortgage platform.”
 
Rose Marie David, EVP-director of mortgage lending at HomeStreet Bank, said, “We are excited to bring together our high performing retail mortgage teams. We feel a deep alignment with the Homebridge vision and overall sense of purpose. We look forward to the opportunity to carry on our legacy as part of the Homebridge family.”
 
David will be joining Homebridge as the EVP, divisional manager of the former HomeStreet mortgage team after both phases of the closing are complete.


 
About the author
Published
Jun 06, 2019
Maximum Acceleration, Originator Connect Network Sign Exclusive CE Agreement

Pact gives OCN guaranteed live CE at shows, creates nationwide opportunity for Maximum Acceleration

Apr 17, 2024
CMG Acquires Norcom Mortgage's Retail Side

The 25-branch addition will enhance CMG’s northeastern presence from Maryland to Maine.

Apr 12, 2024
CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

NEXA Begins Search For New CFO

NEXA CEO retires the president position after Mat Grella's termination.

Apr 01, 2024
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024