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Union Home Mortgage Acquires Amerifirst Home Mortgage, Strengthening Presence In Florida, Michigan, California And More

Dec 21, 2022•almost 3 years ago

Acquiring Company

Union Home Mortgage

Acquired Company

Amerifirst Home Mortgage

StrongsvilleFinancial ServicesFinanceBanking

Description

Union Home Mortgage (UHM), a full-service retail, wholesale and consumer direct independent mortgage banking company, announced today its acquisition of Kalamazoo-based Amerifirst Home Mortgage. The combination will expand UHM’s national reach in key markets and bring together two leading USDA mortgage lenders.

Company Information

Company

Union Home Mortgage

Location

8241 Dow Circle

Strongsville, Ohio, United States

About

Union Home Mortgage Corp. (UHM) is a high-growth, full-service retail, wholesale, and consumer direct independent mortgage banking company with branches across the U.S. in 48 states + D.C. UHM is an in-house loan servicer offering world-class customer service through high touch communication & technology. A privately held family business, with a collaborative culture that stands out in the mortgage industry, UHM Partners (employees) are guided by a Code of Conduct that emphasizes respect, open communication, and accountability. All these principles translate to industry-leading customer retention and satisfaction. Some honors include being one of USA Today's Top Workplaces and an Eleven-Year Northeast Ohio Top Workplace.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed