Founded in 1992, Provident Mortgage Corporation grew to become one of the largest correspondent mortgage lenders in the United States. The company's business model focused on purchasing closed loans from a network of smaller banks, credit unions, and mortgage brokers, in addition to its direct-to-consumer retail operations. In May 2015, Provident Mortgage abruptly announced it was shutting down all operations and winding down its business, citing challenging market conditions and increasing regulatory pressures as the primary reasons for its closure.

Founded in

United States