Nationstar Mortgage has agreed to buy Greenlight Financial Services for up to $75 million in cash. The price, it said, represents a 1.2 times multiple on Greenlight’s estimated income for this year.

Greenlight, headquartered in Irvine, Calif., is a direct-to-consumer lender, and it is expected to produce over $8 billion annually. In December 2011, the company started a wholesale channel.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry