Homebridge Financial Services Inc., a mortgage lender based in Iselin, announced it has finished the first phase of its acquisition of HomeStreet Bank, a wholly-owned retail mortgage banking subsidiary of HomeStreet Inc.
The first phase of the acquisition includes the mortgage loan production branches and fulfillment functions in Washington, Oregon and Idaho, and the hiring of new workers, Homebridge said. The second phase, which is expected to be complete later this month, will include locations in California and Hawaii.
The acquisition has brought Homebridge’s portfolio to 241 retail branches and 2,344 associates throughout the country.
“With Homebridge’s focus on customer satisfaction and a culture of growth and collaboration, we see the HomeStreet Mortgage team as a seamless fit,” Peter Norden, CEO of Homebridge, said. “We look forward to the opportunity to incorporate the HomeStreet Mortgage team into our leading retail mortgage platform.”