Prospect Mortgage

Prospect Mortgage, one of America's leading independent lenders, offers comprehensive mortgage solutions nationwide. Since its formation in 2007, the company has experienced significant growth and expansion in the mortgage services sector. With over 190 branches nationwide and licenses for purchase and refinance loans, Prospect Mortgage has established itself as a major player. The company's history is marked by strategic acquisitions and expansion efforts. Supported by Sterling Partners, Prospect Mortgage acquired the assets of Metrocities Mortgage, LLC, F&T Mortgage, and Opteum Financial Services LLC in 2007. The acquisition of IndyMac Mortgage's retail branches in 2008 doubled the company's size. This growth trajectory continued into the early 2010s with key hires, including former Fannie Mae CEO Michael Williams joining as chairman of the board in 2012, later appointed CEO in 2014. In addition to acquisitions, the company focused on enhancing its operations and customer protection. In 2015, Prospect Mortgage introduced Secure Settlements, Inc.’s Closing Guard tool for client protection and acquired assets of CapWest Mortgage, strengthening its consumer direct business. Prospect Mortgage's product offerings include a comprehensive range of loan products and services such as fixed-rate loans, adjustable-rate loans, government loans (including FHA and VA loans), refinance loans, 203(k) renovation loans, and Fannie Mae foreclosure loans. The company's track record reflects steady growth and a strong focus on customer service and innovation in the mortgage industry. With its national presence and diverse product portfolio, Prospect Mortgage has positioned itself as a significant player in the financial services, real estate, and banking industries.