Freedom Mortgage CEO Stanley Middleman has a multi-million net worth

If Freedom Mortgage founder and CEO Stanley Middleman wants to invest in Cleveland Indians, he certainly has the money to do so. While there is no definitive information on Stanley Middleman’s net worth, The Wall Street Journal reports that his company is valued at over $ 1 billion.

In 2016, New Jersey business website ranked Middleman as one of New Jersey’s 50 richest residents. At the time, Middleman was estimated to have a net worth of around $ 269 million. This number has definitely increased over the years as Freedom Mortgage has grown into one of the largest non-bank lenders in the United States.

Who is Stanley Middleman?

Middleman founded Freedom Mortgage in 1990 and led the business through more than three decades of growth, even during the 2009 foreclosure crisis and the Great Recession. Currently, the company is licensed to operate in all 50 states as well as the District of Columbia, Puerto Rico, and the US Virgin Islands.

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In 2019, Middleman was named Ernst & Young Entrepreneur of the Year, which recognizes high-growth business leaders who excel in innovation, financial performance and personal commitment to their business and community.

“It’s an incredible honor, surpassed only by the satisfaction that my team at Freedom and I get in helping people buy their dream home,” Middleman said in a statement.

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Middleman was also named as one of the Most Admired CEOs for 2020 by the Philadelphia Business Journal. He was also recognized as the fifth highest rated CEO by Glassdoor for leading his company and employees through the challenges of the COVID-19 pandemic.

Middleman has been instrumental in leading Freedom Mortgages’ philanthropic endeavors through his Team Freedom Cares initiative. The mission of Team Freedom Cares is to support those who serve or have served in the United States armed forces.

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For their efforts, Middleman and his company received the 2018 President’s Award from Liberty United Service Organizations (USO).

“During the holidays and throughout the year, we give back to our communities and to our active-duty and veteran service members,” Middleman said in a 2018 release. “We have a strong culture that is deeply focused on philanthropy, which makes our giving calendar possible throughout the year. “

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Team Freedom Cares also works with charities such as the American Red Cross, Feeding America, Habitat for Humanity, Homes for Our Troops, MBA Opens Doors Foundation, Salvation Army, and Toys for Tots.

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