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Provident Funding Associates L.P.
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Founded in 1992, Provident Funding Associates L.P. operated as one of the largest privately-held, non-bank wholesale mortgage lenders in the United States. The company's business model was focused on providing mortgage loans exclusively through a network of independent mortgage brokers. In February 2021, Provident Funding announced it would wind down its mortgage business, ceasing all new loan applications and originations to focus solely on servicing its substantial portfolio of existing loans.
United States
Industry
Financial