Nationstar Mortgage Completes Acquisition of Greenlight Financial Services

LEWISVILLE, Texas--(BUSINESS WIRE)-- Nationstar Mortgage Holdings Inc. NSM (“Nationstar”), a leading residential mortgage services company, announced today that its indirectly held wholly-owned subsidiary, Nationstar Mortgage LLC, completed the acquisition of the origination platform and unfunded loan pipeline from Greenlight Financial Services (“Greenlight”) on May 31, 2013. The acquisition price for these assets is up to $75 million, subject to certain post-closing contingencies, and was funded with cash. Greenlight, a leading direct-to-consumer originator based in Irvine, California, utilizes a high-volume, rapid turn time funding model with a focus on providing exceptional customer service. Greenlight has proven expertise in television, radio, internet and other mass marketing media and will further diversify Nationstar's origination channels and See full press release