Freedom Mortgage Achieves Remarkable Growth in a Challenging Market in 2024
Freedom Mortgage Achieves Remarkable Growth in a Challenging Market in 2024
Freedom Mortgage, a leading independent mortgage company based in Boca Raton, Florida, recorded impressive growth in 2024 despite a challenging interest rate environment. As one of the largest providers of mortgage services in the United States, the company managed to assist over 316,000 borrowers in securing financing for home purchases. This achievement is particularly significant given the heightened interest rates prevailing throughout the past year.
The company’s production volume reached an astonishing $122 billion in the same year, reinforcing its position as a top Department of Veterans Affairs (VA) and Federal Housing Administration (FHA) lender. Freedom Mortgage's strategic focus included raising capital and expanding its Correspondent and Bulk Acquisition channels, contributing to a substantial growth in their servicing portfolio. The success of their initiatives showcases the company's adaptability and commitment to meeting the diverse needs of modern homeowners.
“We experienced steady loan production and managed to leverage our capital effectively to fund our growth objectives,” stated Stanley C. Middleman, the President and CEO of Freedom Mortgage. Middleman expressed pride in the collaborative efforts of the company’s employees who worked tirelessly throughout the year.
In addition to their substantial financial contributions to borrowers, Freedom Mortgage is also recognized for its philanthropy. The company’s charitable branch, Freedom Cares, donated more than $754,000 to various community initiatives during 2024. Moreover, employee engagement in community service was notable with over 1,600 volunteer hours committed towards supporting local causes.
Some of the highlights of Freedom Cares initiatives included:
- - Holiday Toy Drive: Employees participated in a program that encouraged monetary and physical toy donations for underserved children. In December, they raised $60,000 to support local charities such as the Children’s Hospital of Philadelphia, The Salvation Army, and the Marine Corps Reserve Toys for Tots program.
- - Rucksacks to Backpacks: This annual initiative aims to provide school supplies and backpacks to children of active service members. In its twelfth year, Freedom Mortgage employees and affiliates raised $100,000 for several United Service Organizations (USO) Centers nationwide shortly before the school year commenced, along with contributions of over 50 backpacks and supplies.
- - Freedom From Hunger: Employees rallied together to help those facing food insecurity, raising $90,000 for Feeding America. This initiative highlights the company’s commitment to addressing hunger in local communities.
- - Operation Heartfelt Connection: Employees sent handwritten and video messages of appreciation to active-duty service members, with nearly 300 messages shared through USO Centers.
Middleman, reflecting on his published biography._Seeing Around Corners_, stated that it chronicles his journey in establishing Freedom Mortgage while sharing valuable practices and principles beneficial to leaders and entrepreneurs. Recognizing the challenges he faced along the way emphasizes the dedication necessary for cultivating a resilient business in a competitive market.
Freedom Mortgage stands out not only for its financial accomplishments but also for its vibrant workplace culture. For four consecutive years, the company has been recognized as a Top Workplace USA, and it has returned to the Inc. 5000 Honor Roll as one of the fastest-growing private companies in the nation for the ninth time.
As one of the largest independent mortgage companies in the United States, Freedom Mortgage remains committed to promoting homeownership and financial improvement across the country. For additional information about their philanthropic efforts, individuals can visit Freedom Cares. To learn more about Freedom Mortgage’s mortgage products and services, visit Freedom Mortgage.
Founded in 1990, Freedom Mortgage operates licenses across all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Its reputation as a top VA and FHA lender is reflected in its significant mortgage servicing portfolio, encapsulating over $625 billion in loans serviced.
In a time when economic uncertainties loom, Freedom Mortgage’s ability to achieve remarkable growth while maintaining a focus on community service exemplifies the values of resilience, dedication, and compassion in the mortgage industry.
Topics Financial Services & Investing）
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