Ideal Mortgage Bankers Ltd., a direct-to-consumer lender that does business as Lend America, said Monday that it has moved its headquarters to a larger office in its hometown of Melville, N.Y.
The company said it has expanded greatly since 2006, when it changed its business model to primarily originating loans insured by the Federal Housing Administration. In the first half of this year it originated about $722 million of loans, nearly as much as it did for all of last year.
Last month Ideal Mortgage received approval to issue mortgage-backed securities guaranteed by the Government National Mortgage Association.
