Long Beach Mortgage Company is a subsidiary of Washington Mutual, Long Beach Mortgage is one of the nation's leading subprime mortgage lenders, originating, purchasing, and selling subprime residential mortgages.

The company's customers are individuals who have unfavorable credit histories, high debt-to-income ratios, or other issues that make it difficult for them to obtain mortgages through traditional channels.

Long Beach Mortgage works through a nationwide network of independent loan brokers. Long Beach Mortgage sells its loans in the secondary market, retaining the servicing rights.