Prospect Mortgage will take over most retail mortgage branches of Indymac. Prospect Mortgage currently includes Metrocities Mortgage of Sherman Oaks, California, Opteum Mortgage of Paramus, New Jersey, and Fidelity & Trust Mortgage of Chevy Chase, MD.
We rank Metrocities Mortgage 75th in the nation for conventional mortgage originations this year. Opteum appears to originate a majority of its mortgages in Georgia and Florida. Fidelity and Trust Mortgage originates most if its mortgages in the Washington, D.C. metropolitan area. The combined company along with the new retail offices obtained from Indymac Bank should make Prospect Mortgage a top 25 national mortgage lender in a short time period.
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