Homebridge expands mortgage business by acquiring retail loan centers from HomeStreet Bank

Two companies that share similar names are heading in different directions in the mortgage business – HomeStreet Bank is moving away from mortgage lending, while Homebridge Financial Services is diving in. Homebridge announced this week that it has acquired HomeStreet’s mortgage loan production branches and fulfillment functions in Washington, Oregon, and Idaho, including processing, underwriting and funding, and hired the related personnel.