The US Mortgage family looks forward to welcoming Ratestar’s professional team into our company, and we fully expect that they will help us reach new heights in the coming year, both financially, and in measurable consumer satisfaction
Pine Brook, NJ (PRWEB) July 19, 2006
US Mortgage Corporation, a New Jersey based mortgage lender, has closed a deal to acquire Ratestar, Inc., from Homeowners Loan Corp. based in Atlanta, Georgia. Ratestar is an Internet call center operation originating online mortgage business nationwide. US Mortgage employs more than 450 people at branch locations throughout the United States, and is licensed as a mortgage banker in more than 30 states. The acquisition of Ratestar gives US Mortgage an immediate and significant presence in the Midwest from Ratestar’s Cincinnati, Ohio home base.
“As US Mortgage continues to aggressively grow, it makes perfect sense to seek out and acquire existing operations that have proven, talented, and aggressive loan officers in new markets,” stated US Mortgage President Michael McGrath. “It takes extraordinary teamwork to compete at the highest levels in the mortgage industry, and to provide the very best customer service in the mortgage loan business. Ratestar’s commitment to excellence and teamwork mirrors our company values so we are thrilled with this acquisition and the prospects for the future arising from this combination.”
US Mortgage will use the Ratestar name in Ohio and select markets, continuing to trade on the excellent reputation developed over time through Ratestar’s connection with Homeowner’s Loan Corp.
“The US Mortgage family looks forward to welcoming Ratestar’s professional team into our company, and we fully expect that they will help us reach new heights in the coming year, both financially, and in measurable consumer satisfaction,” added McGrath.
About US Mortgage
Founded in 1996, US Mortgage continues to grow behind its commitment to provide the very best customer service during the mortgage loan process. As a licensed mortgage banker, US Mortgage provides a broad range of mortgage options to consumers at every level. Through its subsidiary, CU National, US Mortgage offers transparent mortgage services for credit unions nationwide. To learn more about US Mortgage and its commitment to excellence, please visit http://www.usmtg.com or call 1-888-857-2274.