Terms of the deal were not disclosed.
The deal gives Virginia-based FGMC a significant boost in terms of online lending technology. goodmortgage.com is one of the early pioneers in online mortgage lending and was one of the first firms to roll out a fully Web-based mortgage lending platform.
Founded in 1999, goodmortgage.com provides residential mortgage lending in 18 states and the District of Columbia. The direct lender claims to deliver a fast, efficient and personalized mortgage experience via its online platform.
In a release, Andrew S. Peters, CEO of FGMC, says goodmortgage.com “is one of the leading consumer-direct lenders in the country and an excellent fit with our strategic initiatives.”
“This acquisition is yet another positive step in FGMC’s continued growth, and we are confident our clients and partners will benefit substantially as a result,” he says, adding that FGMC plans to build out goodmortgage.com’s geographic footprint.