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Freedom Mortgage announces acquisition of BluFi Lending

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Mount Laurel-based Freedom Mortgage Corporation, a full-service residential mortgage lender, announced Monday it has purchased the assets of BluFi Lending, a direct mortgage lender, headquartered in San Diego, Calif. Financial terms were not disclosed.

According to the announcement, in 2013, BluFi originated more than $400 million in residential mortgages.

“The hard work of [BluFi CEO] John Lee and his talented team exemplifies what a well-established mortgage lending organization can accomplish.  BluFi Lending built a solid market presence in the Western U.S. and Freedom Mortgage will help them continue to grow,” Stanley C. Middleman, president and CEO of Freedom Mortgage, said in a prepared statement.

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Emily Bader

Emily Bader

Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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