CMG Financial has acquired Norcom Mortgage, enhancing its northeastern presence with 25 new retail branches and reinforcing its commitment to market growth and customer service excellence.

Target Information

CMG Financial has announced its retail acquisition of Norcom Mortgage, a reputable mortgage company operating in the northeastern United States for over thirty years. Founded in Connecticut in 1989, Norcom has grown significantly and was recognized in 2011 as one of the Fastest Growing Lenders in New England. The acquisition will add 25 branches to CMG's existing operations, strengthening its footprint from Maryland to Maine.

While the retail assets of Norcom Mortgage will be transferred to CMG, the company will continue to operate its wholesale business under the name TPO GO. Norcom President Phil DeFronzo expressed enthusiasm for the transition, highlighting how CMG’s advanced marketing platforms and technology will enhance their retail originators’ ability to serve customers effectively.

Industry Overview in the Northeastern United States

The mortgage and real estate industry in the Northeastern United States is multifaceted and highly competitive. This region, with its diverse population and robust housing markets, presents uniqu