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Mortgage Forward to acquire First Federal Bank’s TPO division
Mortgage Forward will acquire First Federal Bank’s TPO unit, including QRL Financial, with closing expected in Q3 2026.
Mortgage Forward announced Friday that it has agreed to acquire the third-party origination (First Federal Bank, based in “This acquisition strengthens Mortgage Forward’s commitment to delivering innovative mortgage options for TPO clients,” Mortgage Forward President Chip Adkins said in a statement. “We are excited to welcome the talented First Federal Bank team and build on their strong foundation for future growth.”
The acquisition also supports Mortgage Forward’s efforts to expand services for credit unions and mortgage partners nationwide, according to Michael Abraham, chief strategy officer of Great Lakes Credit Union.
“This acquisition aligns with our vision for Mortgage Forward and our commitment to supporting credit unions and all mortgage partners nationwide,” Abraham said. “Together, we will expand our capabilities while maintaining the service and relationships our partners value.”
This article was written by Sarah Wolak and generated with the assistance of HousingWire Automation. It was reviewed by a HousingWire editor before publication.
Source Reference
Originally published by Sarah Wolak, HousingWire Automation
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