Freedom Mortgage

Office address: 951 Yamato Road, Suite 175, Boca Raton, FL 33431
Website: www.freedommortgage.com
Year established: 1990
Company type: financial services
Employees: 4,500+
Expertise: conventional mortgages, FHA loans, VA loans, USDA loans, refinancing, loan origination, financial planning, capital markets access
Parent company: N/A
CEO and key people: Stan Middleman (CEO), Mike Patterson (COO), Barbara Coscio (VP of IT), Kiran Sahota (EVP Technology), Mike Middleman (Managing Director)
Financing status: private debt financed

Freedom Mortgage is a mortgage lender in the United States that offer a variety of mortgage services, including loans for first-time homebuyers and refinancing options. The company has helped 80,000 borrowers to be secured in financing for their homes in 2023. With 2 million clients and over $460 billion in managed loans, Freedom Mortgage primarily aims to assist homeowners and homebuyers, including U.S. Veterans.

History of Freedom Mortgage

Freedom Mortgage is a family-founded company established in 1990 in Boca Raton, Florida. The company became a successful non-bank mortgage lender that operates nationwide including in all 50 states, D.C., the US Virgin Islands, and Puerto Rico. It became known as a top VA and FHA lender and for its notable support of military communities.

Products and Services of Freedom Mortgage

Freedom Mortgage presents an array of mortgage products tailored to meet varying homeowner needs:

• refinancing options: including FHA Cash Out Refinance and VA Streamline Refinance, aimed at helping homeowners lower rates or get cash from equity
• loan services: specializing in FHA and VA loans, catering to first-time homebuyers and military service members
• calculators and tools: offering resources like the Home Affordability and Mortgage Payment Calculators to assist clients in making informed decisions

Culture at Freedom Mortgage

Freedom Mortgage's culture focuses on diversity, inclusion, and community engagement. The management behind the company shows its support for its employees through its worker benefits, which helped them win the Top Workplaces award multiple times. Such benefits include:

• engagement and recognition programs
• ongoing learning opportunities
• commitment to diversity and inclusion
• company-wide philanthropic campaigns

Freedom Mortgage also values community involvement and other advocacies through its financial assistance programs. The company actively provides support to:

• USO and Homes for Our Troops
• Habitat for Humanity and the MBA Opens Doors Foundation
• The Salvation Army, American Red Cross, and Feeding America
• Children's Hospital of Philadelphia and Toys for Tots program

About Freedom Mortgage CEO Stan Middleman and key people

Stanley C. Middleman, the founder and CEO, is celebrated for his visionary leadership and advocacy for homeownership, especially among Veterans. His participation in key industry boards and councils reflects his commitment to the mortgage sector's evolution.

Other members of the leadership team at Freedom Mortgage are:

• Mike Patterson (COO): oversees financial planning and a variety of support service teams
• Barbara Coscio, MBA (VP of IT): manages IT support services and strategies
• Kiran Sahota (EVP of Technology): directs technological strategies and operations
• Mike Middleman, CPA (Managing Director): manages strategic financial direction

The Future at Freedom Mortgage

In 2023, Freedom Mortgage helped around 80,000 borrowers during a time of high interest rates and enhanced its charity work through the Freedom Cares program. It gave more than $660,000 and nearly 2,300 hours of employee volunteer time to different causes.

The company also raised about $1.3 billion in capital markets to grow its business, proving it has strong support from investors. Through its continued support for its customers, U.S. Vets, and the community, Freedom Mortgage would head towards a future with many financial possibilities.