Mid America Mortgage Merges With Affinity Lending Solutions

Posted by Patrick Barnard on December 17, 2014 No Comments
Categories : Residential Mortgage

Mid America Mortgage Inc., a nationwide lender licensed in more than 40 states with more than 300 employees, is merging with regional lender Affinity Lending Solutions.

As a result, Affinity's production operations and branch network are being integrated with Mid America's mortgage platform.

Mid America says it will acquire an interest in Affinity's pipeline and certain assets and will offer employment to the employees in Affinity's 14 origination centers.

Terms of the deal were not divulged.

The deal means Affinity Lending Solutions' products and services will now be delivered via Mid America's network infrastructure.

It also means Mid America will expand its market share through its new relationships with existing Affinity customers.

‘We are very excited about the transaction and are looking forward to providing Affinity's clients with outstanding customer service,’ says Jeff Bode, owner and CEO of Mid America Mortgage, in a statement. ‘We are working hard to avoid any disruption to Affinity's customers and will work in collaboration to ensure a smooth transition, while vigorously protecting the pipeline we acquired.’

It is unclear from the press release whether Mid America intends to keep the Affinity brand intact.

Register here to receive our Latest Headlines email newsletter




Leave a Comment