The Houston-based lender joins UHM, adding to its multi-billion-dollar loan volume
Union Home Mortgage (UHM), an independent mortgage banking company, has acquired Nations Reliable Lending (NRL Mortgage) in a move that strengthens its footprint in Texas and Southwest Ohio. The financial details of the acquisition were not disclosed.
"All of us at Union Home are excited to welcome the wonderful mortgage professionals of NRL to our family," said Bill Cosgrove, CEO of Union Home Mortgage. "Our company lives by the mantra of ‘Promises Kept,’ which not only includes promises to our customers, but to our employee partners. By coming together, we expand the reach of that promise further, while also continuing to build a unique workplace culture in the mortgage industry.”
The acquisition brings NRL Mortgage’s $1.091 billion in 2024 loan volume into UHM, which closed $7.6 billion in lending last year.
The deal aligns with UHM’s strategy of expanding nationally through acquisitions, following its 2022 purchase of Amerifirst Home Mortgage, a lender specializing in USDA Rural Development loans.
Founded in 2007 and headquartered in Houston, NRL Mortgage provides a wide range of loan products, including conforming conventional loans, jumbo loans, as well as VA, FHA, and USDA-backed loans.
Prior to the acquisition, the company partnered with fintech firm Calque to launch "The Trade-In Mortgage" program, allowing homeowners to use their home equity to purchase a new property before selling their existing home.
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Both UHM and NRL have been recognized for their company culture and workplace environment. UHM has been named a Top Workplace by the Plain Dealer for 10 consecutive years, while NRL was recognized as a Top Workplace by the Houston Chronicle in 2024.
"NRL's mission has always been to provide reliable service to our customers, partners, employees and communities," NRL Mortgage CEO Mewael Ghebremichael said in a media release. "Joining forces with UHM feels right, because we know they care as much as we do about working as a team for the betterment of our borrowers. We'll be able to make an even more meaningful impact by coming together, and we can't wait to get started."
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