Freedom Mortgage Corporation Adds Commercial Real Estate Lending Division

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Jun 06, 2013, 03:50 ET

MOUNT LAUREL, N.J., June 6, 2013 /PRNewswire/ -- Freedom Mortgage Corporation, one of the largest residential mortgage origination and servicing companies in the nation, has launched a commercial real estate lending division. This new division will be based in New York and managed by outstanding industry veterans, Mary Davenport, Nichole Kim and Shawn Townsend. Initially, they will focus on first mortgage originations from $2-10 million in size for CMBS execution.

"I am thrilled to join Freedom Mortgage and build this new division along with two such talented colleagues. Nichole and Shawn add tremendous value to our team," said Davenport.

Mary Davenport joins Freedom Mortgage after a three - year affiliation with RBS Securities, and her role as a Partner and Portfolio Manager for Vertical Capital. Nichole Kim comes to Freedom after three years at Rialto Capital. Her background includes working as an originator for Nomura and CSFB. In addition, Nichole purchased CMBS and REIT securities for TIAA-CREF. Shawn Townsend was most recently Managing Partner at Velocity Advisors, and prior to that Head of Capital Markets at Gramercy Capital and earlier at Nomura, JP Morgan and Oasis Real Estate Partners.

Freedom Mortgage Corporation, a privately held, mortgage lender of VA, FHA and Conventional Loans headquartered in Mount Laurel, NJ and licensed in all 50 states, has been helping homeowners since 1990. In Q1 2013, Freedom Mortgage was listed the #3 GNMA issuer nationwide with a $24+ billion portfolio and nine operation centers nationwide. As the company's unprecedented growth continues so does the company's priority to keep privacy and regulatory affairs in the forefront with Freedom Mortgage exceeding the compliance standards imposed by its regulators. Freedom Mortgage is proud to maintain an A+ rating with the Better Business Bureau and is a member of both the Mortgage Bankers Association and the National Association of Mortgage Brokers.

Forward-Looking Statements - This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected benefits to consumers from using Freedom Mortgage Corporation's services. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of risks and uncertainties. Any forward-looking statements in this release are based on limited information currently available to Freedom Mortgage Corporation, which is subject to change, and Freedom Mortgage Corporation will not necessarily update the information.

SOURCE Freedom Mortgage Corporation