Skip to main content

CMG Acquires Homebridge's Retail Business

Christine Stuart
Mar 07, 2023
CMG Financial

Homebridge will retain its two wholesale divisions.

California-based CMG Mortgage Inc. purchased New Jersey-based Homebridge’s retail division this week for an undisclosed amount. 

Homebridge Financial Services will retain its two wholesale divisions, but CMG is acquiring Homebridge’s 180 branches across more than 30 states.

"From our shared heritage as privately held mortgage companies to our common focus on excellence for our customers and our employees, I am certain that together we will create meaningful opportunities for innovation and growth,” said Christopher M. George, CEO of CMG. 

Over the last 30 years, Homebridge has grown to become one of the largest privately held, non-bank lenders in the United States.

"CMG is a company that we have always had deep respect and admiration for," said Peter Norden, CEO of Homebridge. "Giving our retail sales team the opportunity to join forces with Chris George and his incredible team will position everyone for success in an ever-changing market.”

CMG claims it originated $19 billion overall in 2022, while Homebridge had $12 billion in origination across its divisions.

Mar 07, 2023
More from
Homebot Acquires Quo Finance

CEO says deal will accelerate mission to 'connect people to make informed homeownership decisions.'

Mar 21, 2023
Guild Mortgage CEO McGarry Retiring After 40 Years With Lender

Stepping down June 30; President Terry Schmidt will succeed her as CEO.

Mar 21, 2023
Impac Mortgage Reports Losses For 4Q, 2022 Overall

Losses continue for second straight year; employee count drops 37%.

Mar 17, 2023
Let's Make A Deal, Bro

Why Homebridge’s CEO sold his retail division to CMG Mortgage

Mar 08, 2023
ICE, Black Knight Reach Deal To Sell Empower LOS

Sale intended to help ICE overcome antitrust objections to acquiring Black Knight.

The Need For Speed

Lenders race to the ‘holy grail’ of the one-day commitment letter

Mar 06, 2023