Homebridge concludes phase 2 of HomeStreet acquisition

HomeStreet has completed phase two of the sale of its home loan single-family mortgage origination business to Homebridge Financial Services.

On the second closing of the acquisition, HomeStreet transferred additional 17 stand-alone, satellite, and fulfillment offices to Homebridge, rounding up to 47 offices in this transaction.

“This second closing of the offices and personnel transferring to Homebridge represents a significant achievement for HomeStreet toward its long-term strategic goals,” said Mark Mason, chairman, president, and chief executive officer of HomeStreet.

Additionally, Homebridge tapped nearly 110 former HomeStreet single-family origination and support personnel, bringing the number of previous HomeStreet employees hired to roughly 452.

“On behalf of the board of directors, I would like to thank those employees who are part of this transaction for their hard work and wish them well with their careers at Homebridge, along with those HomeStreet employees who worked so hard to make the transition as smooth as possible,” Mason said.