Union Home Mortgage has acquired the origination assets of Sierra Pacific Mortgage Corporation, enhancing its position as one of the top independent mortgage bankers in the U.S.

Information on the Target

Sierra Pacific Mortgage Corporation (SPMC) is a prominent mortgage origination company, known for its robust retail branches and extensive relationships with wholesale brokers. Founded 40 years ago, SPMC has established itself as a key player in the mortgage industry by prioritizing investments in technology and personnel. This strategic focus has fostered a strong network of services catering to both retail and wholesale markets.

Recently acquired by Union Home Mortgage, SPMC's origination assets include established retail branches and well-maintained broker relationships. Under the new ownership, these entities will continue to operate utilizing the proprietary ExpressLoan origination system, ensuring a seamless transition for existing clients.

Industry Overview in the Target’s Specific Country

The mortgage banking industry in the United States is experiencing significant growth, driven by a favorable interest rate environment and increasing homebuyer demand. This sector has witnessed a considerable