Florida-based Marlin Mortgage Holdings has announced its intent to acquire LoanFront, a direct home lender headquartered in New Jersey.
Marlin Mortgage, a clearing platform for buying and selling residential mortgage servicing rights, said it intends to buy 100% of LoanFront’s outstanding equity. Established in 2021, LoanFront is licensed in 21 states and offers various mortgage products, including conventional, FHA, VA, and USDA loans.
Andrew Weber, CEO of Marlin Mortgage, said the acquisition will add “internal capabilities” for the company’s customer retention efforts and provide access to an existing platform to assist in its planned expansion into Ginnie Mae MSR.
Comments are closed, but trackbacks and pingbacks are open.