OCMBC Inc., operating under the name LoanStream Mortgage, has recently unveiled a significant strategic shift in its operations. The company announced the discontinuation of its 'Jet Advantage Mortgage' brand, making way for the official introduction of 'GIANT Lending.' This transformation is poised to bolster the support and resources available to mortgage brokers, equipping them to navigate and thrive in various market conditions, ultimately signifying an ambitious new phase for the organization.
This initiative represents a pivotal moment for OCMBC Inc., as GIANT Lending steps forward with a renewed commitment to the broker community. Michael Turturro, the President and Founder of GIANT Lending, emphasized the division's core mission: to provide unparalleled strength, resources, and unwavering support to brokers. He stated that the new identity reflects the company's substantial dedication to empowering brokers, ensuring they have the necessary tools, diverse product offerings, and expert guidance to achieve sustained growth and success.
Rabi Aziz, the CEO of OCMBC, echoed these sentiments, highlighting the launch of GIANT Lending as a bold new chapter that underscores the company's vision for the future. He articulated a clear strategy focused on investing in innovation, enhancing service delivery, and cultivating long-term partnerships. This approach is designed to grant brokers a significant competitive edge across all market cycles, underscoring the belief that the collective success of brokers directly contributes to the success of GIANT Lending.
Further details from the GIANT website indicate that this new division holds licenses in nearly all U.S. states, with the exception of New York. The operations are centrally managed from its headquarters located in Costa Mesa, California. This broad licensing footprint ensures that GIANT Lending can extend its comprehensive support and services to a wide network of mortgage professionals nationwide.
The strategic move to launch GIANT Lending also follows a notable acquisition in September 2024, when LoanStream acquired HomeStar Financial. HomeStar Financial, a retail lender, had ceased operations in late 2023, primarily due to the intense mortgage market volatility and margin compression prevalent at the time. This acquisition, coupled with the rebranding, illustrates LoanStream Mortgage’s proactive approach to expanding its influence and reinforcing its position within the mortgage industry.
In essence, the introduction of GIANT Lending marks a transformative period for LoanStream Mortgage. By retiring Jet Advantage Mortgage and launching a brand dedicated to empowering brokers, the company is signaling a strong commitment to innovation, broker support, and strategic growth. This strategic realignment, following the HomeStar Financial acquisition, positions GIANT Lending to be a formidable presence in the market, aiming to foster an environment where mortgage brokers can consistently achieve success and navigate an evolving industry landscape with confidence.