W.J. Bradley Mortgage Capital, LLC Adds Legacy Group Lending Team Combination Creates Fourth-Largest Independent Mortgage Lending Firm in the Country
DENVER, May 1, 2013 /PRNewswire/ -- W.J. Bradley Mortgage Capital, LLC (W.J. Bradley), a privately held mortgage banking firm, today announced that the principals of Legacy Group Lending, Inc. (Legacy) of Bellevue, Washington, and its nearly 300 loan originators and employees have joined the company. With the addition of Legacy's 23 branch locations, its operations center, and nearly $150 million in monthly loan origination, W.J. Bradley has taken a significant position in the Pacific Northwest market and has further expanded its share in the Western region.
"We've been searching for the right partner in the Pacific Northwest for some time; the production capability and strong reputation maintained by the Legacy Group and its employees makes Legacy an ideal fit for us," said William J. Bradley, founder and CEO of W.J. Bradley. "Having similar values and like-minded leadership presents a cultural synergy that compliments our combined operational strength, and we're confident that, together, we're well-positioned for exponential growth."
"Early in our discussions with W.J. Bradley, we recognized the integrity from which this company operates, and the fit between our two groups was a natural one," said Scott Rerucha, CEO of Legacy. "Joining W.J. Bradley offers us access to a robust platform – incredible technology and infrastructure, expanded loan products and programs, enhanced servicing support and improved pricing – that supports our growth strategy, as we expand throughout our key regions with accelerated speed."
In 2012, W.J. Bradley originated $6.4 billion in residential mortgage loans and the Legacy Group originated $1.6 billion. Based on combined production volumes for 2012, as listed in Mortgage Executive Magazine's Top 100 Mortgage Companies list, W.J. Bradley will be the fourth largest, non-bank mortgage company in America.
About W.J. Bradley Mortgage Capital, LLC
W.J. Bradley Mortgage Capital, LLC is a residential mortgage banking firm, founded in 2002 and headquartered in Centennial, Colorado with centralized fulfillment operations in Salt Lake City, Utah. In 2012, W.J. Bradley originated more than $6.4 billion in residential home loans. With more than 80 branch locations throughout the United States, the company is licensed in 28 states and currently operates with more than 1,500 professionals.
About the Legacy Group
Founded in Washington in 2007 as Legacy Group Lending, Inc., the company grew quickly by prioritizing client relationships with realtors and consumers. With 23 branch locations throughout Washington, Oregon, California, Hawaii, Colorado and Arizona, the Legacy Group was ranked on the Puget Sound Business Journal's "fastest-growing private companies in the state" and Seattle Business Magazine's "best places to work" lists in 2011. In 2012, the Legacy Group originated more than $1.6 billion in residential home loans.
SOURCE W.J. Bradley Mortgage Capital, LLC