Union Home Mortgage Corp. has acquired AmeriTrust Mortgage Corporation for an undisclosed amount. This strategic move signifies Union Home Mortgage Corp.'s expansion into the wholesale lending sector and its commitment to broadening its service capabilities.
AmeriTrust Mortgage Corporation operates as a direct lender, specializing in providing flexible wholesale lending solutions for mortgage brokers nationwide. The company is recognized for its expertise in both traditional and Non-QM financing, offering a comprehensive product suite. This includes specialized options such as DSCR and Bank Statement loans, alongside conventional offerings like FHA, VA, Conventional, Jumbo, Foreign National, and investor financing. AmeriTrust's model involves originating, underwriting, and funding loans in-house, which aims to ensure greater efficiency, communication, and consistency for its broker partners throughout the loan process.
The acquisition is strategically designed to enhance Union Home Mortgage Corp.'s market presence and diversify its product portfolio. AmeriTrust's established wholesale lending platform and its proficiency in navigating complex Non-QM scenarios are expected to significantly complement Union Home Mortgage Corp.'s existing operations. This integration will allow the combined entity to cater to a wider array of client needs, particularly those requiring specialized financing solutions. The synergy from this acquisition is anticipated to stem from expanded product access, deeper market penetration, and operational efficiencies across the integrated platforms.
Looking ahead, the combined entity is positioned to leverage AmeriTrust's strong broker relationships and its specialized lending products to fortify its standing in the competitive mortgage market. This acquisition is expected to drive growth by offering a more comprehensive and adaptable suite of lending solutions, thereby expanding its reach and impact within the wholesale mortgage broker community.