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Rushmore Correspondent Lending Services
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Rushmore Correspondent Lending Services was the business-to-business correspondent lending division of Rushmore Loan Management Services LLC. The company's primary business was to acquire newly originated mortgage loans from smaller banks, credit unions, and independent mortgage bankers across the United States. This allowed original lenders to free up capital and Rushmore to grow its mortgage servicing portfolio. In 2023, the parent company, Rushmore Loan Management Services, was acquired by Mr. Cooper Group. Following the acquisition, the Rushmore Correspondent Lending business was discontinued, and its partners were directed to Mr. Cooper's correspondent program.
United States
Industry
Financial