MetLife Correspondent Executive Departs

Mortgage & Real Estate

Tom Palmer, a senior executive in the correspondent lending division of MetLife Home Loans, recently left the company, accepting a position with the privately held Freedom Mortgage Corp., Fishers, Ind., according to industry officials familiar with the matter.

MetLife Home of Irving, Texas, is currently being shopped around by its insurance company parent.

At least two bidders – PNC Bank and American Express – have looked at buying parts of the company.

Among residential lenders MLHL ranks 12th nationwide, according to figures compiled by National Mortgage News and the Quarterly Data Report.

Freedom ranks 56th nationwide among funders but has been quietly expanding the past few years.

Daily Briefing | Monday, December 19, 2011

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