General World News

CMG acquires Norcom Mortgage’s retail assets

California-based multichannel mortgage lender CMG Financial announced on Thursday that it acquired Norcom Mortgages retail assets, expanding its operations in the Northeast with the addition of 25 branches from Maryland to Maine. The financial details of the deal were not disclosed.

“Norcom Mortgage has made the strategic decision to focus on and continue to grow our wholesale platform as TPO GO,” Norcom President Phil DeFronzo said in a prepared statement.

The Nationwide Multistate Licensing System (NMLS) shows that Norcom — as well as Third Party Origination Go and TPO Go — is listed as a trade name details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com