Mortgage Forward to Acquire First Federal Bank’s Third-Party Origination (TPO) Division Including QRL Financial
June 5, 2026
First Federal Bank has signed a definitive agreement to sell its Third-Party Origination (TPO) division, including QRL Financial, to Mortgage Forward, a credit union service organization (CUSO) in the Great Lakes Credit Union family of companies. The acquisition is expected to close in the third quarter of 2026 and is intended to expand Mortgage Forward’s national mortgage lending platform and broaden technology and product support for mortgage partners.
- Buyers
- Mortgage Forward
- Targets
- First Federal Bank Third-Party Origination (TPO) division (including QRL Financial Services)
- Sellers
- First Federal Bank
- Industry
- Financial Services
- Location
- Florida, United States
- Transaction Type
- Divestiture
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