Specialty Originator to Launch Wholesale Unit

Madison Equity Corp., a specialty mortgage originator based in Gibbsboro, N.J., has announced that it will launch a wholesale division June 1 that will provide collateral-based residential mortgage loans to borrowers through the mortgage broker community.Madison Equity said it has received a "significant" capital investment from a private investment firm to "ensure that it has ample financial and professional resources to support the growth of the wholesale division." The company said it plans to add more than 20 mortgage professionals to its staff. "We are well capitalized and one of only a handful of loan originators focused exclusively on the collateral-based lending market," said Jason E. Osborne, Madison Equity's chief executive officer and president. "We are committed to providing unmatched levels of service to mortgage brokers." The company can be found online at http://www.madisonequitycorporation.com.