WestStar Mortgage to become J.G. Wentworth Home Lending
WestStar Mortgage Inc. has announced it will be acquired by J.G. Wentworth Company, a leading purchaser of structured payments and other receivables.
WestStar will now operate as J.G. Wentworth Home Lending Inc., a newly rebranded division in the J.G. Wentworth family of brands. The new division is expected to benefit from hundreds of thousands of customers' inquiries seeking financial solutions as a result of direct marketing initiative.
Headquartered in the Washington suburb of Woodbridge, Va., and licensed to operate in 40 states. WestStar built success over the past 15 years in originating conventional, VA, FHA, and USDA loans. Known for its outstanding reputation and commitment to excellence, WestStar has earned numerous prestigious awards including, COSTCO Mortgage Service 2013, operational Excellence Award and the 2014 Lender of the Year Award. Based on an independent analysis, WestStar has a 95 percent consumer satisfaction rating, among the highest in the industry.
“Diversification to deliver Cash Now is a fundamental part of our strategy for growth,” said Stewart Stockdale, CEO, J.G. Wentworth Company. “The acquisition of WestStar is strong evidence of this strategy in action. Together with our structured settlement payment purchasing business, we are delivering financial products and solutions that allow customers access to funds that will help them achieve their goals. We are excited to welcome the WestStar team to our company.”
Visit Hayden Evans and the team at 405 Rehoboth Ave., the same place they have been for the past 10 years. Besides being a lender of conventional, FHA, USDA, VA, and construction loans which they service as well, they look forward to adding a variety of portfolio products from the J.G. Wentworth family of brands.
