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LenderMac to acquire Direct Mortgage Corp.
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LenderMac to acquire Direct Mortgage Corp.
Cypress, California-based LenderMac Holdco LLC has agreed to acquire Direct Mortgage Corp. in a move aimed at expanding its geographic footprint and building a multichannel mortgage platform, the companies announced Tuesday. Financial terms of the deal were not disclosed. “This acquisition represents an important step in our long-term growth strategy,” Kenneth Jo, CEO of LenderMAC, said in a statement. “Direct Mortgage Corp. brings strong operat…
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