Freedom Mortgage

OverviewSuggest Edit

Freedom Mortgage is a mortgage lender and servicer. It provides personalized mortgage solutions, including VA loans, such as VA home loan purchase, VA refinance, and VA cash out refinance. The company is dedicated to fostering homeownership.
TypePrivate
Founded1990
HQMount Laurel, US
Websitefreedommortgage.com
Employee Ratings2.9
Culture scoreA-

Latest Updates

Employees (est.) (May 2020)3,955(+17%)
Revenue (Y, 2017)$1.2 B(+10%)

Key People/Management at Freedom Mortgage

Stan Middleman

Stan Middleman

President, Chief Executive Officer
Bev Thorne

Bev Thorne

Chief Marketing Officer
Mike Patterson

Mike Patterson

Executive Vice President - Chief of Staff
Steven Molitor

Steven Molitor

Executive Vice President and Chief Legal Officer
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Freedom Mortgage Office Locations

Freedom Mortgage has an office in Mount Laurel
Mount Laurel, US (HQ)
907 Pleasant Valley Ave
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Freedom Mortgage Financials and Metrics

Summary Metrics

Founding Date

1990
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Freedom Mortgage Revenue

Freedom Mortgage's revenue was reported to be $1.20 b in Y, 2017 which is a 9.1% increase from the previous period.
USD

Revenue (Y, 2017)

1.2b

Revenue growth (Y, 2016 - Y, 2017), %

9.1%
USDY, 2015Y, 2016Y, 2017

Revenue

762.2m1.1b1.2b

Revenue growth, %

44%9%
USDY, 2017

Revenue/Employee

403.9k
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Freedom Mortgage Operating Metrics

May, 2019

Mortgage Servicing Rights Portfolio

$209 b
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Freedom Mortgage Acquisitions / Subsidiaries

Company NameDateDeal Size
J.G. Wentworth Home LendingAugust 01, 2019
RoundPoint Mortgage Servicing CorporationMay 24, 2019

Freedom Mortgage Online and Social Media Presence

Embed Graph

Freedom Mortgage Company Culture

  • Overall Culture

    A-

    77/100

  • CEO Rating

    A-

    75/100

  • Compensation

    B

    73/100

Learn more on Comparably

Freedom Mortgage News and Updates

Freedom Mortgage Takes Important Steps to Assist Borrowers and Communities Impacted by COVID-19

MARLTON, N.J., March 23, 2020 /PRNewswire/ -- Freedom Mortgage announced it has suspended residential property foreclosures and evictions and has taken additional measures to assist customers, communities and employees grappling with the impact of COVID-19. "These are very difficult...

Freedom Mortgage Acquires J.G. Wentworth Home Lending

MOUNT LAUREL, N.J., Aug. 1, 2019 /PRNewswire/ -- Freedom Mortgage Corporation, a privately held, full-service mortgage lender licensed in all 50 states, announced it has finalized an agreement to acquire J.G. Wentworth Home Lending, LLC, a subsidiary of J.G. Wentworth Company and one of...

Freedom Mortgage CEO Stanley Middleman Wins Ernst & Young Entrepreneur of The Year® Award

MOUNT LAUREL, N.J., June 21, 2019 /PRNewswire/ -- Stanley C. Middleman, CEO of Freedom Mortgage Corporation, one of the nation's largest full-service non-bank mortgage companies and a leader in VA and government-insured lending, has been named the winner of Ernst & Young (EY)'s...

Freedom Mortgage settles with CFPB over race, ethnicity reporting

The Consumer Financial Protection Bureau on Wednesday announced it had settled a consent order with Freedom Mortgage Corporation over errors in reporting on mortgage transactions. The CFPB found that Freedom had violated the provisions of the Home Mortgage Disclosure Act by reporting inaccurate race…

Consumer Financial Protection Bureau Settles with Freedom Mortgage Corporation

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today announced a settlement with Freedom Mortgage Corporation (Freedom), one of the ten largest Home Mortgage Disclosure Act (HMDA) reporters nationwide.read more

Freedom Mortgage Offers Help To Borrowers Impacted By Federal Shutdown

MOUNT LAUREL, N.J., Jan. 9, 2019 /PRNewswire/ -- Freedom Mortgage, one of the nation's largest full-service mortgage bankers and a leader in government-insured lending, is offering help to its borrowers who are struggling to make their mortgage payments because of the federal government...
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Freedom Mortgage Blogs

The 4 Biggest Homeowning Trends of 2019!

It’s time to look back at what it was like to own a home in 2019. The biggest trend was the biggest surprise to many experts, who predicted back in January the cost of borrowing money to finance a house would rise. Instead … 1. Mortgage interest rates fell The biggest housing news in 2019 was the fa…

4 New Year’s Resolutions for the Home

The New Year is almost here! Why not make a home-related New Year’s resolution? Check out our easy ways to make your home safer and more comfortable, and save money while you do it. Be safe Be honest, did you change your smoke alarm batteries when we turned the clocks back an hour this autumn? If no…

Winterization Tips Around the House!

The post Winterization Tips Around the House! appeared first on Freedom Mortgage Blog.

How to Set Up Automatic Recurring Payments to Freedom Mortgage

Freedom Mortgage customers can enjoy the convenience of scheduling automatic mortgage payments online! This free feature lets you schedule your mortgage payments to reoccur on a regular basis. Payments will be securely deducted from the bank account you select. Setting up automatic payments means yo…

8 Ways to Cook Your Thanksgiving Turkey

  8 tasty ways to cook your turkey this Thanksgiving! Turkey. It’s what’s for Thanksgiving in 82% of American homes according to the fivethirtyeight website. We love this tasty bird and we have 8 tasty ways to cook one, paired with some of our favorite recipes from around the web. Check them out! Ro…

Mortgage Payments Quiz

The post Mortgage Payments Quiz appeared first on Freedom Mortgage Blog.
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Freedom Mortgage Frequently Asked Questions

  • When was Freedom Mortgage founded?

    Freedom Mortgage was founded in 1990.

  • Who are Freedom Mortgage key executives?

    Freedom Mortgage's key executives are Stan Middleman, Bev Thorne and Mike Patterson.

  • How many employees does Freedom Mortgage have?

    Freedom Mortgage has 3,955 employees.

  • What is Freedom Mortgage revenue?

    Latest Freedom Mortgage annual revenue is $1.2 b.

  • What is Freedom Mortgage revenue per employee?

    Latest Freedom Mortgage revenue per employee is $303.4 k.

  • Who are Freedom Mortgage competitors?

    Competitors of Freedom Mortgage include Ally Financial, MB Financial and Simmons First National.

  • Where is Freedom Mortgage headquarters?

    Freedom Mortgage headquarters is located at 907 Pleasant Valley Ave, Mount Laurel.

  • Where are Freedom Mortgage offices?

    Freedom Mortgage has an office in Mount Laurel.

  • How many offices does Freedom Mortgage have?

    Freedom Mortgage has 1 office.