M&A Deal Summary

Matrix Financial Services Acquires RoundPoint

On August 3, 2022, Matrix Financial Services acquired financial services company RoundPoint from Freedom Mortgage

Acquisition Highlights
  • This is Matrix Financial Services’ 1st transaction in the Financial Services sector.
  • This is Matrix Financial Services’ 1st transaction in the United States.
  • This is Matrix Financial Services’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2022-08-03
Target RoundPoint
Sector Financial Services
Buyer(s) Matrix Financial Services
Sellers(s) Freedom Mortgage
Deal Type Divestiture

Target

RoundPoint

Fort Mill, South Carolina, United States
RoundPoint is a fully integrated, non-bank mortgage lending and servicing company that actively purchases mortgage servicing rights (MSR) from sellers of Fannie Mae and Freddie Mac loans. The company also offers an array of subservicing options that can be customized to meet individual investor needs for both Agency and Non-Agency portfolios. RoundPoint's multifaceted approach is designed to build collaborative relationships and provide an unmatched level of service for investors and business partners. It also offers a Homeownership Marketplace designed to provide a single location for our customers to better manage and protect their home. RoundPoint was formed in 2007 and is based in Fort Mill, South Carolina.

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Buyer(S) 1

Buyer

Matrix Financial Services

Minnesota, United States
Category Company
Sector Financial Services
DESCRIPTION

Matrix Financial Services provides mortgage loan services to clients.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Freedom Mortgage

Mount Laurel, New Jersey, United States
Category Company
Founded 1990
Sector Financial Services
DESCRIPTION

Freedom Mortgage Corp. (dba Jefferson Home Mortgage and Loan) is a mortgage banker that has been lending to residential homeowners.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 J.G. Wentworth Home Lending

Chesterbrook, Pennsylvania, United States

J.G. Wentworth Home Lending LLC is one of the nation's largest direct and retail home mortgage lenders. J.G. Wentworth parent company, J.G. Wentworth, has served the community since 1992. J.G. Wentworth created a streamlined, technology advanced organization to provide consumers with low mortgage rates and an efficient mortgage process. Affordable, fast, easy and eager to serve.

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