Freedom Mortgage

What Freedom Mortgage does

Freedom Mortgage Corporation is a privately held, full-service US mortgage lender and servicer headquartered at 951 Yamato Road, Suite 175, Boca Raton, FL (NMLS ID: 2767). The company originates purchase and refinance mortgages across Conventional, FHA, VA, and USDA loan programs, plus HELOCs, and operates nationwide through direct-to-consumer online channels, an in-house loan advisor inside-sales team, a Correspondent Lending division (freedomcorrespondent.com), and a Wholesale Services division (freedomwholesale.com). It is positioned as one of the nation's largest mortgage originators and a leading VA lender, with specialty underwriting in government-backed products that feature low down payments (0% VA/USDA, 3.5% FHA), low published minimum credit scores (550 on FHA/VA), and no monthly mortgage insurance on VA loans.

The company's product surface includes 15-year and 30-year fixed-rate mortgages, 5/1 ARMs, streamline refinances (VA IRRRL, FHA Streamline), rate-and-term and cash-out refinances (Conventional, FHA, VA up to 90% LTV), and a self-serve digital HELOC offering 100% online application with approval in as little as five minutes. Its proprietary technology stack is anchored by an AI-powered mortgage operations platform co-developed with Palantir Technologies and Moder using Palantir's Ontology-based agentic AI framework, with Freedom Mortgage as the first pilot customer. Supporting infrastructure includes the MyLogin account portal, a guided multi-step online application workflow, and an embedded resource-matching integration with SpringFour on the disaster assistance page.

Freedom Mortgage earns revenue through transaction-based origination fees at closing (origination fees, discount points, and agency funding fees such as 0.5% on VA IRRRL and 2.5% on first VA cash-out), recurring servicing fee income on owned and acquired Mortgage Servicing Rights (MSR) portfolios — supplemented by the 2026 acquisition of Seneca Mortgage Servicing LLC from EJF Capital LP and the prior 2019 acquisition of RoundPoint Mortgage Servicing — and affiliate referral commissions through the Freedom Homes™ real estate agent network (Home Advantage Partners, Home Story Real Estate Services, Clever Real Estate). The company's customer base spans veterans and active-duty military, first-time and lower-credit homebuyers, rural and suburban USDA-eligible borrowers, conventional prime borrowers, and homeowners tapping equity, with sub-brands including Freedom Homes, Freedom Cares, Freedom Correspondent, and Freedom Wholesale. Indirect ownership sits with Freedom Superior LLC.

Name

Freedom Mortgage

Legal name

Freedom Mortgage Corporation

Website

https://www.freedommortgage.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Freedom Mortgage Corporation is a privately held, full-service US mortgage lender and servicer — one of the nation's largest originators and a leading VA lender — serving consumers nationwide through direct, inside-sales, correspondent, and wholesale channels plus the Freedom Homes agent referral network.

Ownership category

akta.pro rank

Product category

Residential Mortgage Lending

NAICS

Nondepository Credit Intermediation (5222)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Cash-Out Refinance Origination (FSALAAAF)

Keywords

• Mortgage lending services
• Residential loan origination
• Mortgage servicing
• VA loan programs
• Home equity lending

Headquarters

HQ city

Mount Laurel

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Mortgage Origination: Earned on closing of new purchase mortgages and refinances across Conventional, FHA, VA, USDA, and HELOC products. Loan types include 15-year and 30-year fixed-rate, 5/1 ARM, streamline refinances (VA IRRRL, FHA Streamline), rate-and-term refinances, and cash-out refinances. Origination fees, discount points, and funding fees (e.g., 0.5% on VA IRRRL, 2.5% on first VA cash-out) generate transaction-based revenue at closing.
2. Mortgage Servicing: Recurring servicing fee income on owned and acquired Mortgage Servicing Rights (MSR) portfolios. Acquired Seneca Mortgage Servicing LLC's MSR portfolio from EJF Capital LP in 2026, expanding servicing operations and creating new investment opportunities in high-quality mortgage loan assets.
3. Real Estate Referral Commissions (Freedom Homes): Earned when customers buy or sell homes through partner real estate agent networks (Home Advantage Partners, Home Story Real Estate Services, Clever Real Estate). Customers receive cash rewards ($1,000 for buyers, 1% of purchase price for sellers) while Freedom Mortgage participates in the referral economics.
4. Interest Income on Held Portfolio: Conventional, FHA, VA, and USDA loans closed generate interest income on principal balances over the loan term (15 or 30 years), with monthly mortgage insurance premiums collected on FHA loans (both upfront MIP and annual MIP).

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels7 records

Core offering

Freedom Mortgage originates and services US residential mortgage loans, offering Conventional, FHA, VA, USDA, and HELOC products across purchase, rate-and-term refinance, streamline refinance, and cash-out refinance use cases. It distributes through direct-to-consumer online applications, in-house loan advisors, Correspondent Lending, Wholesale Services, and the Freedom Homes real estate partner network, while earning recurring income from a Mortgage Servicing Rights portfolio that was expanded by the announced acquisition of Seneca Mortgage Servicing LLC from EJF Capital LP.

Differentiator

Problem solved

Functional benefit

Brands

• Freedom Homes: A sub-brand/affiliated service that connects homebuyers and sellers with a network of real estate agents (Home Advantage Partners, Home Story Real Estate Services, or Clever Real Estate) and offers cash rewards (e.g., $1,000 buy-side savings, 1% commission savings on sell side) when buying or selling a home through partner agents.
• Freedom Cares
• Freedom Correspondent
• Freedom Wholesale

Products and services

• VA Loans Government-backed purchase mortgages for veterans, active-duty military, and surviving spouses, featuring competitive rates, 0% down for most buyers, no monthly mortgage insurance, and a one-time funding fee. Freedom Mortgage is one of the nation's largest VA lenders.
• FHA Loans FHA-insured purchase mortgages with low minimum credit scores (often 550), down payments as low as 3.5%, and required mortgage insurance premiums, designed to make homeownership accessible to a broad range of US homebuyers.
• USDA Loans USDA purchase loans for rural and some suburban homebuyers featuring 0% down payments, competitive rates, and low upfront and annual guarantee fees, with eligibility tied to USDA-designated rural areas.
• Conventional Loans Non-government purchase mortgages with competitive rates for borrowers with strong credit, down payments as low as 5%, and no private mortgage insurance with 20% down or equity.
• VA IRRRL Streamline Refinance Interest Rate Reduction Refinance Loan exclusive to existing VA homeowners, structured as a streamline refinance with no appraisal, no income verification, and no credit check, with a 0.5% funding fee and frequent closings within 30 days.
• FHA Streamline Refinance Streamline refinance for existing FHA homeowners requiring no appraisal, no income verification, and no credit check, supporting adjustable-to-fixed conversions and faster closings for rate or payment reduction.
• Conventional Refinance Standard rate-and-term refinance of existing conventional mortgages requiring a full application, credit and income documentation, and underwriting, with closing costs typically 2%-5% of the loan amount.
• VA Cash Out Refinance Cash-out refinance for veterans and military borrowers allowing them to borrow up to 90% of their home's equity, replacing an existing VA loan with a higher-balance VA loan and disbursing the difference as a lump sum.
• FHA Cash Out Refinance FHA cash-out refinance allowing homeowners to access equity with credit scores as low as 550, replacing the existing FHA loan with a larger-balance FHA loan and disbursing equity as a lump sum.
• Conventional Cash Out Refinance Conventional cash-out refinance allowing homeowners with at least 620 credit scores to convert home equity into a lump-sum cash payment, with closing costs averaging 2%-6% of the loan amount.
• 15-Year Fixed-Rate Mortgage 15-year fixed-rate mortgage available across FHA, VA, USDA, and Conventional loan types, offering typically lower rates than 30-year loans, lower lifetime interest costs, and higher monthly payments.
• 30-Year Fixed-Rate Mortgage 30-year fixed-rate mortgage available across FHA, VA, USDA, and Conventional loan types, providing predictable principal-and-interest payments and lower monthly payments than 15-year alternatives.
• Adjustable-Rate Mortgage (ARM) Adjustable-rate mortgages, including 5/1 ARMs, with fixed initial periods and lower starting rates than fixed-rate loans, available across most loan types, with rate and payment adjustments after the initial period subject to annual and lifetime caps.
• HELOC (Home Equity Line of Credit) Home equity line of credit allowing homeowners to access up to 85% of their equity while keeping their existing mortgage, with a 100% online application that can yield approval in as little as five minutes and funding in as few as five days.
• Freedom Homes Real Estate Partner Network Real estate agent network service connecting Freedom Mortgage customers with partner agents (Home Advantage Partners, Home Story Real Estate Services, Clever Real Estate) for cash rewards, including $1,000 off purchase closings and 1% off listing-side commissions.
• Correspondent Lending Division Channel service operated at freedomcorrespondent.com that allows lending partners to sell or deliver closed loans to Freedom Mortgage for purchase or aggregation.
• Wholesale Services Division Channel service operated at freedomwholesale.com that enables mortgage broker partners to originate loans on behalf of Freedom Mortgage.

Quantifiable outcome

• 63,000+ toys donated to children nationwide over 14 years of annual holiday toy campaigns
• +5 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability3 records

Feature3 records

Partnerships

Seven partnerships are on record, tiered flagship / core and mid-tier.

• Military Bowl Foundationflagship / coreGTM or Marketing Partner · 19 May 2026The Military Bowl Foundation announced that Freedom Mortgage will become the title sponsor of the Military Bowl postseason college football game for the next three years, with the event renamed the Freedom Mortgage Military Bowl. The 2026 game will take place in December at Navy-Marine Corps Memorial Stadium in Annapolis, Maryland, matching teams from the ACC and American Conference, televised on ESPN. Partnership aligns with Freedom Mortgage's commitment to supporting military service members and their families, reinforcing its leading VA lender brand.
• Palantir Technologies (AIP Boot Camp)flagship / coreTechnology or Integration · 12 April 2026Freedom Mortgage is a Palantir AI Boot Camp client, where Freedom Mortgage employees attended intensive multi-day workshops to build live AI workflows using their own data, condensing months of evaluation into days. Use case deployed at Freedom Mortgage includes streamlining loan processes.
• Palantir Technologies and Moderflagship / coreStrategic or Co-development Partner · 19 March 2026Palantir Technologies and Moder announced a strategic partnership to co-build an AI-powered mortgage operations platform, with Freedom Mortgage serving as the first pilot customer. The platform integrates Palantir's Ontology-based agentic AI framework with Moder's mortgage domain expertise to unify data and automate workflows across mortgage servicing. Early deployments at Freedom Mortgage have already shown measurable improvements in speed and accuracy for operating agents and homeowners.
• USOmid-tierGTM or Marketing Partner · 8 July 2024Freedom Mortgage partnered with the USO for the 12th Annual Rucksacks to Backpacks Campaign, supporting military service members and their families in alignment with the company's VA lending focus.
• Home Advantage Partnersmid-tierChannel Partner/ Reseller/ DistributorReal estate agent network partner under the Freedom Homes program. Home buyers using a Home Advantage Partners network agent can save $1,000 in Buy Side Cash Rewards issued within 30 days of closing (subject to state exclusions). Home sellers using a network agent save 1% of the purchase price in Sell Side Cash Rewards disclosed on the Closing Disclosure.
• Home Story Real Estate Servicesmid-tierChannel Partner/ Reseller/ DistributorReal estate agent network partner under the Freedom Homes program. Buyers save $1,000 and sellers save 1% on commissions when using Home Story network agents.
• Clever Real Estate, LLCmid-tierChannel Partner/ Reseller/ DistributorReal estate agent network partner under the Freedom Homes program. Buyers save $1,000 and sellers save 1% on commissions when using Clever network agents.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• NewRez (formerly New Penn Financial): Top-15 US mortgage originator and servicer with retail, wholesale, and correspondent channels plus a meaningful servicing portfolio. Comparable product mix and scale to Freedom Mortgage.
• Rocket Mortgage: Largest US mortgage originator and a direct competitor across D2C, retail, and government-backed loan programs. Operates a comparable multi-channel model and competes head-to-head with Freedom Mortgage in VA, FHA, and conventional refinance.
• Guild Mortgage: Mid-to-large US mortgage originator with strong retail branch presence and a comparable mix of conventional and government-backed loan products.
• United Wholesale Mortgage (UWM): The largest US wholesale mortgage lender and a direct competitor in the broker/wholesale channel. Operates the TPO-focused motion that mirrors Freedom Mortgage's Wholesale Services division while also pushing aggressively into retail.
• Mr. Cooper Group: Largest US mortgage servicer and a growing originator (including the Rocket Homes transaction). Directly comparable to Freedom Mortgage's combined origination-plus-servicing strategy, especially after the Seneca acquisition.
• loanDepot: Diversified US mortgage originator (retail, wholesale, correspondent, HELOC) with comparable D2C and partner-led distribution and a similar mix of conventional and government-backed products.
• Homepoint: US wholesale and correspondent mortgage lender, directly comparable to Freedom Mortgage's Wholesale Services and Correspondent Lending divisions.
• Caliber Home Loans: US mortgage originator and servicer active across retail, wholesale, and correspondent channels with a comparable mix of government-backed and conventional products.
• Planet Home Lending: US mortgage originator and servicer with retail, wholesale, and correspondent channels, plus a growing MSR portfolio, overlapping materially with Freedom Mortgage's go-to-market.
• Pennymac Financial Services: One of the largest US mortgage originators and servicers, with both consumer direct and correspondent channels. Comparable in scale and product breadth, including government-backed loans and a large subservicing book.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/freedommortgage
• LinkedInlinkedin.com/company/freedom-mortgage
• Instagraminstagram.com/FreedomMortgage
• Pinterestpinterest.com/freedommortgage
• Xx.com/freedommortgage

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Freedom Mortgage