New American Acquires Marketplace Home Mortgage

New American Funding has announced that it has acquired Edina, Minn.-based Marketplace Home Mortgage. According to the Tustin, Calif.-based New American Funding, the transaction will increase its presence in the Minnesota market, where Marketplace has been operating since its founding 1995.

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New American Funding, already one of the biggest lenders in the nation, is set to expand even more, as the company announced Tuesday that it acquired Marketplace Home Mortgage. Marketplace is based in Minnesota, has offices in Florida, Michigan, New Hampshire, South Dakota, and Wisconsin, and does business in 15 states

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New American Funding has announced that it has acquired Edina, Minn.-based Marketplace Home Mortgage.

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New American Funding expansion continues

New American Funding has acquired Edina, Minn.-based Marketplace Home Mortgage. Marketplace Home does business in 14 other states and provides start-to-finish mortgage services to real estate.

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New American Funding has acquired Marketplace Home Mortgage, a regional lender that does business in 15 states. "Becoming part of New American Funding accelerates the growth plans we put into place several years ago," said Keith White, president of Marketplace Home Mortgage.