This is the company's second asset purchase in 2018
Union Home Mortgage has announced that it added Ohio-based home mortgage lenders NOIC and Concord through an asset purchase.
The acquisition marks the second asset purchase by the company in 2018. In May, the company announced that it was bringing Phoenix-based Alliance Home Loans under its brand.
"The culture NOIC/Concord has successfully cultivated over the years is extremely valuable to the mutual growth of all partners as we begin to work together,” Union Home CEO Bill Cosgrove said. “As UHM's brand expands across the country, NOIC/Concord will strengthen our top-notch service to referral partners and homeowners in the Midwest. The future is bright."
NOIC President Mark Vinciguerra said that while the decision for an IMB to grow is a complex one, the key item is partnering with the right culture.
“The culture at UHM was a deciding factor in creating this partnership,” Vinciguerra said. “The right culture is the key to successful planning and transition of our teams and the upcoming success. The future for IMBs is ever-changing; therefore, being an organization that embraces change within its culture will drive us to success for all our customers and partners.”
Cosgrove owns 100% of Union Home. He said he expects more activity in adding partners in the near future.
Related stories:
Union Home Mortgage brings Phoenix mortgage company under brand
Union Home Mortgage names business process, technology leader
