"With this launch, we're sending a clear message to the broker community: we are here to stand tall with you, said Michael Turturro, president and founder of GIANT Lending. Our name now matches the scale of our commitment to deliver the tools, products, and guidance brokers need to grow and succeed. Rabi Aziz, the CEO of OCMBC, added: The launch of GIANT Lending represents a bold new chapter in our growth and our vision for the future."
"We're investing in innovation, service, and long-term partnerships to ensure brokers have a GIANT advantage in every market cycle. When brokers succeed, we all succeed. Per the GIANT website, the dba is licensed in every state except New York and is headquartered in Costa Mesa, California. In September 2024, LoanStream acquired defunct retail lender HomeStar Financial, which suspended its operations in late 2023 due to mortgage volatility and margin compression."
GIANT Lending launched with a stated commitment to stand with the broker community by providing tools, products, and guidance aimed at broker growth and success. OCMBC is investing in innovation, service, and long-term partnerships designed to give brokers an advantage across market cycles. The dba is licensed in every state except New York and is headquartered in Costa Mesa, California. In September 2024, LoanStream acquired defunct retail lender HomeStar Financial, which suspended operations in late 2023 amid mortgage volatility and margin compression, signaling broader market challenges and consolidation activity.
#giant-lending #broker-support #ocmbc-investment #loanstream-acquisition #mortgage-market-volatility
Read at www.housingwire.com
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