Philly-Area Mortgage Companies Merge

Arlington Capital Mortgage Corp., Bensalem, Pa., has announced a merger with Windsor Financial Mortgage Corp., West Chester, Pa., that creates what it termed the largest independent retail mortgage lender in the Philadelphia/South Jersey region.The terms of the transaction were not disclosed. The combined entity, a privately held company, will operate under the Arlington Capital name. It will offer retail and wholesale mortgage programs for borrowers ranging from first-time homebuyers to customers seeking loans of up to $5 million, Arlington Capital said. Under the merger, Windsor's four retail branches, Internet operation, and 65 employees will be joined with Arlington Capital's 155 employees and six branches. No layoffs are planned, and the combined entity will be able to make mortgage loans in more than 30 states, Arlington Capital said.