With the closing of an acquisition announced last year, two mortgage banking firms have combined to create one of the nation’s 20-largest lenders.

On Feb. 2, HomeBridge Financial Services completed its acquisition of the operating assets of Prospect Mortgage LLC, a statement Tuesday said.

The deal, originally announced on Nov. 1, 2016, by Iselin, New Jersey-based HomeBridge was expected to create a top-20 residential lender.


Source: Mortgage Daily