Houlihan Lokey is pleased to announce that Prospect Mortgage, LLC (Prospect) has sold certain production and operating assets to HomeBridge Financial Services, Inc. The transaction closed on February 2, 2017.
Formed in September 2006, Prospect is a leading independent, full-service mortgage company that provides traditional retail residential mortgage services, including the origination, sale, and servicing of mortgage loans. Prospect is a fully licensed mortgage loan originator in 48 states and the District of Columbia, and in 2016, the company originated over $8 billion in mortgage loans. Prospect is a national mortgage lender with more than 170 offices located across the country, approximately 700 loan officers, and 1,500 total employees.
HomeBridge was founded in 1989 and is one of the nation's largest privately held, non-bank lenders that specializes in facilitating and securing home mortgage financial solutions. The company is an approved lender for products including conventional, FHA and VA, reverse mortgage, and home renovation loans. Headquartered in River Edge, N.J., HomeBridge comprises nearly 1,400 associates in more than 90 retail branches from coast to coast, with two separate wholesale operations.