New American Acquires Marketplace Home Mortgage

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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.

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Click to share on Twitter (Opens in new window) Click to share on Facebook. TIAA Bank will “transition” out of its retail branch mortgage business and “concentrate on originating home mortgage.

New American Funding is a direct mortgage lender offering an array of mortgage loan options including purchase, refinance, and first time home buyer loans.

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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 announced the acquisition of Marketplace Home Mortgage yesterday, with hopes to help expand its reach. With Marketplace Home Mortgage ranked 264th in the U.S. in terms of performance, the acquisition could likely help New American Funding move up from its spot at 30.

Kanetix Ltd has acquired, a Toronto-based online provider of mortgage rate comparisons and news, and intelliMortgage Inc, a Toronto-based digital mortgage broker. No financial terms.

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