- Business
- Impac Mortgage Holdings, Inc. (IMPM) engages in originating, purchasing, financing, brokering, and selling mortgage loans secured by residential real estate throughout the United States. The company offers a comprehensive range of mortgage products and services, including non-qualified mortgages (Non-QM), jumbo loans, conventional loans, FHA/VA loans, wholesale lending, correspondent lending, retail lending through its CashCall Mortgage division, mortgage servicing, portfolio loss mitigation, and real estate services; it also manages a securitized long-term mortgage portfolio. Founded in 1995 and headquartered in Irvine, California, Impac Mortgage Holdings operates through subsidiaries such as Impac Mortgage Corp., which is licensed in 45 states and has originated and acquired more than $90 billion in residential mortgages since inception, targeting mortgage brokers, correspondent lenders including mortgage bankers, credit unions, and community banks, as well as retail consumers. In recent years, the company repositioned as a mortgage brokerage in 2023 by transitioning its retail consumer direct lending to a broker fulfillment model, winding down its third-party origination channel, voluntarily relinquishing its seller/servicer designations with Fannie Mae and Freddie Mac, and significantly reducing operational footprint including office space from 120,000 to 19,000 square feet; its common stock was delisted from NYSE American in April 2024 due to noncompliance with shareholders' equity requirements and now trades on the OTC Pink market under IMPM.