logo
logo

CMG Financial completes acquisition of Norcom Mortgage to bolster its northeastern presence

CMG Financial completes acquisition of Norcom Mortgage to bolster its northeastern presence

04/11/24, 11:19 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsan ramon
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgavon
Industry
financial services
lending
retail
CMG Financial, headquartered in San Ramon, CA, has expanded its presence in New England through the retail acquisition of Norcom Mortgage. The addition of 25 branches from Maryland to Maine enhances CMG's northeastern footprint and reinforces its position in the mortgage banking industry.

Company Info

Company
CMG Financial
Location
San Ramon, California, United States
Company info
CMG Financial is a well-capitalized mortgage bank founded in 1993, with a strong presence in retail lending, wholesale lending, and correspondent lending channels. The company also operates joint venture companies with builder & realtor partners, holds an impressive MSR/servicing portfolio, and serves the capital markets of fixed income trading & sales through CMG Securities. CMG is consistently recognized as a top-producing lender and top mortgage employer.