Atlantic Union Bankshares Supports Union Home Mortgage's Acquisition of Sierra Pacific Mortgage
- Union Home Mortgage enhances market presence by acquiring Sierra Pacific Mortgage's origination assets, targeting growth in the Western U.S.
- The acquisition aligns with UHM's previous purchases, reflecting a strategic focus on expanding its mortgage market footprint.
- UHM ensures seamless integration of SPMC's operations, maintaining service excellence and continuity for clients during the transition.
Strategic Expansion in the Mortgage Sector: Union Home Mortgage Acquires Sierra Pacific Mortgage
Union Home Mortgage (UHM), an independent mortgage banking company based in Strongsville, Ohio, recently announces its acquisition of the origination assets of Sierra Pacific Mortgage Corporation (SPMC). This strategic acquisition, which includes both retail and wholesale channels, marks a significant milestone for UHM as it seeks to enhance its market presence, particularly in the Western United States. By incorporating all existing SPMC retail branches and their wholesale broker relationships, UHM continues its trajectory of growth, positioning itself among the 15 largest independent mortgage bankers in the United States.
The acquisition follows UHM's earlier purchases of Nations Reliable Lending in March 2025 and Amerifirst Home Mortgage in December 2022, indicating a deliberate strategy to expand its footprint in the mortgage market. Bill Cosgrove, CEO of UHM, expresses enthusiasm about bringing SPMC’s mortgage professionals into UHM's culture of “Promises Kept.” This integration emphasizes the company’s commitment to maintaining strong relationships with existing clients while enhancing operational capabilities. Jim Coffrini, founder and CEO of SPMC, highlights the significance of the company’s legacy and the mutual dedication towards brokers and retail branches. This shared vision promotes stability and continuity in loan processing, ensuring that SPMC’s operations remain unaffected during the transition.
With UHM’s emphasis on customer experience, accountability, and innovation, both companies align on core values that prioritize service excellence. SPMC's recognition as one of the Top 50 Mortgage Companies to work for in America complements UHM’s accolades as a Top Workplace by USA Today for five consecutive years. This acquisition not only strengthens UHM’s market position but also reinforces its commitment to delivering superior customer service and operational excellence in the mortgage industry, setting a benchmark for future growth.
In addition to its strategic acquisition, UHM assures that the integration of SPMC will not disrupt their existing loan pipeline, allowing for a seamless transition. Utilizing the proprietary ExpressLoan origination system ensures that both retail and wholesale partners continue to operate efficiently. This focus on continuity demonstrates UHM's dedication to its stakeholders, further solidifying its reputation in the competitive mortgage sector.
As UHM moves forward with this expansion, the company's ability to adapt and innovate will be critical in navigating the evolving landscape of the mortgage industry. This acquisition is a testament to UHM's strategic vision and commitment to enhancing operational capabilities while delivering exceptional service to its clients across the nation.
