"Absolute a mid-size independent mortgage bank based in Fairfield, New Jersey is adding FDM's team of 55 producing loan officers, who originated about $335 million in mortgages over the past 12 months, according to RETR. Over the same period, Absolute originated $1 billion with roughly 190 loan officers, the data shows. Gaithersburg, Maryland-based FDM primarily serves the Northeast and aims to enhance its operational scale and broaden product access."
"The companies said the combination will strengthen their competitive position for both loan originators and consumers. Maria D'Souza-DaTa, founder and president of FDM, said in a statement that the agreement gives the company access to the expanded infrastructure and national footprint needed in today's market. She added that the deal positions our teams for sustained success in an evolving market and ensures that the platform we operate within is built for long-term strength."
Absolute, a mid-size independent mortgage bank based in Fairfield, New Jersey, is adding FDM's team of 55 producing loan officers who originated about $335 million in mortgages over the past 12 months. Over the same period, Absolute originated $1 billion with roughly 190 loan officers. Gaithersburg, Maryland-based FDM primarily serves the Northeast and seeks to enhance operational scale and broaden product access. The combination is intended to strengthen competitive positioning for both loan originators and consumers. Founder Maria D'Souza-DaTa will join Absolute as executive operations manager and board member. Absolute CEO Matt VanFossen highlighted Maria's leadership and perspective in shaping the shared strategic vision.
Read at www.housingwire.com
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