Opteum Buys Integrity Home Funding

Opteum Financial Services, a Paramus, N.J.-based residential mortgage lender, has announced the acquisition of Integrity Home Funding LLC, a privately owned wholesale and retail mortgage banking firm based in Maywood, N.J.The terms of the transaction were not disclosed. Opteum said it will maintain Integrity's locations in Maywood and Linden, N.J., offering the same portfolio of more than 250 loan programs available at all Opteum branches. "Opteum acquired Integrity because of its outstanding track record of success in the New Jersey and New York markets, innovative product portfolio, and seasoned staff of dedicated mortgage professionals," said John Palmiotto, Opteum's senior vice president/northeast regional manager. The companies can be found on the Web at http://www.opteum.com and http://www.ihfloans.com.