First Federal Bank to Sell Third-Party Origination Division to Mortgage Forward

First Federal Bank Announces Agreement to Sell Third Party Origination Division to Mortgage Forward, a CUSO in the Great Lakes Credit Union Family of Companies

LAKE CITY, Fla. and CHICAGO, June 5, 2026 /PRNewswire/ -- First Federal Bank, headquartered in Florida, and Mortgage Forward, in Illinois, jointly announced today that they have signed a definitive agreement for Mortgage Forward to acquire First Federal's Third-Party Origination…

Mortgage Forward to acquire First Federal Bank’s TPO division

Mortgage Forward announced Friday that it has agreed to acquire the third-party origination (TPO) division of First Federal Bank, including QRL Financial, in a deal the companies say will expand Mortgage Forward’s national mortgage lending platform and broaden its product offerings. The companies confirmed that they have signed a definitive agreement for the acquisition, although the financial terms of the transaction were not disclosed. The dea…

First Federal Bank to Sell Third-Party Origination Division to Mortgage Forward

First Federal Bank and Mortgage Forward have entered into a definitive agreement under which Mortgage Forward will acquire First Federal’s Third-Party Origination (TPO) division, including QRL Financial Services, the companies announced. The transaction is expected to strengthen Mortgage Forward’s nationwide mortgage platform while allowing First Federal Bank to sharpen its focus on core retail mortgage and banking operations as part of its stra…