Residential mortgage lender TPO GO is exiting the wholesale business nationally under a strategic alliance with Stockton Mortgage that will transfer most of the company’s wholesale sales and operations staff to Stockton.

The news was first reported on last week by Rob Chrisman and later confirmed to HousingWire by a spokesperson for Stockton Mortgage.

The deal closes Aug. 10, according to the companies. Despite being described initially as a transaction involving the two companies, it is not structured as an acquisition and does not include the purchase or sale of stock or assets, the spokesperson clarified.

Rather, their “strategic alliance” involves working details ⇒

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