Combination to "create a powerhouse advisory firm"
Mortgage advisory firms STRATMOR Group and Teraverde have announced a merger, forming a combined entity under the STRATMOR brand.
The newly combined entity will operate under the STRATMOR brand, integrating their respective programs, technology, and expertise to deliver comprehensive advisory services across the mortgage banking space.
The merger is expected to expand the new STRATMOR Group’s market reach and deepen its service offerings. The firm said combined services and product offerings will enhance its ability to guide lenders and vendor clients in making strategic decisions that drive efficiency and profitability.
“The mortgage industry is experiencing one of the toughest markets in its history. It is imperative that we all make informed business decisions to navigate this challenging cycle,” Lisa Springer, CEO and senior partner at STRATMOR, said in a news release. “Similar to the mortgage lenders and vendors that serve our industry, STRATMOR decided to refresh our programs and services so we can continue to provide best-in-class experiences for our clients. Teraverde is the right company to enhance our ability to elevate our offerings and add even greater value to our industry.”
“The Teraverde team is delighted to join STRATMOR,” Teraverde CEO and co-founder Jim Deitch added. “We each have a sincere desire to improve our industry and provide superior services to our clients. Our firms have compatible cultures and complementary service offerings backed by outstanding talent. This combination, coupled with the availability of Teraverde’s outstanding Coheus technology solutions, creates a powerhouse advisory firm.”
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Springer emphasized the benefits of the merger, adding, “The merger of our two firms enables us to expand the markets we serve, the depth of services we can provide, and gives us the technology to highlight opportunities for our clients to help them quickly and impactfully capitalize on new ideas and innovations.”
STRATMOR Group is a mortgage industry advisory firm offering various programs and services for senior industry executives. STRATMOR serves more than 250 companies annually, providing strategies to increase growth and improve profitability in sales, marketing, technology, operations, and mergers and acquisitions.
Teraverde is also a provider of mortgage consulting and software solutions. The company has worked with numerous clients to enhance their operations and achieve long-term financial goals.
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