Union Home Mortgage brings Phoenix mortgage company under brand

The move pushes the company's annual loan production over $4 billion

By Francis Monfort

18 May 2018

Cleveland-based Union Home Mortgage has announced that it is bringing Phoenix-based Alliance Home Loans under its brand as a result of an asset purchase deal between the two companies.

Union Home, which has more than 130 retail branches across 36 licensed states, said the move will push its loan volume over $4 billion in annual production.

“I believe the culture match is wonderful, and Jamie Korus Pearce [President of Alliance Home Loans] should be proud of the company she has built,” Union Home CEO and owner Bill Cosgrove said. “Alliance employees have impressed us, and they are absolute UHM material. The addition of our new partners to our current family in Phoenix is paving our way to be a force in the Valley of the Sun.”

Founded in 2004 as Alliance Financial Resources, Alliance Home now has more than 200 employees, from mortgage loan originators to processors to closers. With its 100 loan originators licensed in 27 states, Alliance Home funds more than 3,000 loans per year. The company offers a variety of loan products and specializes in government-backed loans with an expanded opportunity for borrowers with less-than-perfect credit.

“I am thrilled to be able to offer my team the opportunity to join a world-class company,” Pearce said. “My team is my most valuable asset, and the decision to join UHM was easy because their culture is to value and treat their team in the same manner. UHM has the most impressive leadership team I have ever seen, and the platform, operations, and tools that they have created and made available has everyone extremely excited about this new venture.”