Finance Of America Companies Inc   (FOA)
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Finance Of America Companies Inc

Business Description

History of Finance Of America Companies Inc

Finance of America Companies Inc. is a leading provider of diversified lending products and services in the United States. The company was founded in 2013 by Blackstone Group and operated as part of Blackstone's portfolio of companies until December 2017 when it became an independent company. Finance of America Companies Inc. offers a wide range of lending products including mortgages, reverse mortgages, home equity loans, personal loans, and commercial loans.

The company has grown rapidly over the years through acquisitions and partnerships. In 2015, the company acquired Gateway Funding Diversified Mortgage Services, which helped to expand its mortgage lending operations. In 2017, it acquired certain assets and operations of The Renovator?s Supply, a renovation and remodeling company. In 2018, it acquired the commercial real estate lender, BMC Capital, and announced a partnership with Evolve Mortgage Services to expand its mortgage outsourcing capabilities.

Today, Finance of America Companies Inc. has over 4,000 employees and operates in over 40 states across the U.S. It offers a wide range of lending products and services, catering to the needs of both consumers and businesses. The company's focus on innovation, technology, and customer service has helped it to become one of the top lenders in the U.S. financial industry.

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