Arc Home LLC (“ARC Home”), the owner of WEI Mortgage LLC (“WEI”), entered the mortgage business in 2016. Arc Home is owned by private funds under the management of Angelo, Gordon (“AG”) and AG’s publicly traded Mortgage REIT, AG Mortgage Investment Trust (“MITT”). ARC Home, through its wholly owned subsidiary WEI Mortgage LLC, is a mortgage banking platform originating and acquiring conforming, FHA, Jumbo and non-qualifying residential mortgage loans and the related serving rights. ARC Home is led by 30 year industry veteran Barry Bier as CEO, and senior team including Sandy Blitzer, Head of Capital Markets, Martin Schroeter, Head of Business Development and Brad Brautigam, Chief Financial Officer.
Angelo, Gordon & Co.
Angelo, Gordon & Co., L.P. is a privately held limited partnership founded in November 1988. The firm currently manages approximately $28 billion with a primary focus on credit and real estate strategies. Angelo, Gordon has over 420 employees, including more than 160 investment professionals, and is headquartered in New York, with offices in the US, Europe and Asia. For more information, visit www.angelogordon.com .
WEI Mortgage LLC
WEI Mortgage LLC was founded in 2002 as a mortgage brokerage company, originating residential loans in the DC Metropolitan Area. In 2003, WEI officially announced its transition to being a direct mortgage lender and began expanding its operations. From its inception, WEI has striven to provide the best loans for its customers. This careful approach allowed WEI to successfully weather the 2008 financial crisis and experience measurable growth. Currently WEI has offices in Rockville, Maryland and McLean, Virginia where it continues to provide quality mortgages to America’s home buyers and homeowners. In 2016, ARC Home, with capital commitments from MITT and private funds managed by AG, acquired Wei Mortgage LLC (“WEI”), a Fannie Mae, Freddie Mac, Federal Housing Administration, Veteran’s Administration, and Ginnie Mae seller/servicer of mortgages with licenses to conduct business in 45 states. For more information, visit www.weicorp.com .