Mortgage lender and servicer OCMBC has acquired HomeStar Financial Corp., marking a significant expansion across the country. 

The acquisition formally closed on Aug. 29, OCMBC announced Thursday. The terms of the deal were not disclosed. 

“Their extensive experience in servicing and their commitment to providing outstanding customer service align perfectly with our values at OCMBC,” Serene Vernon, president of OCMBC, said in a statement.

Founded in 2001, California-headquartered OCMBC originates in the wholesale, retail and correspondent channels. It is licensed in 48 states and the District of Columbia.

OCMBC, doing business as LOANStream Mortgage, posted $3.56 billion in wholesale volume details ⇒

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