Strategic Acquisition by Atlantic Coast Mortgage
Atlantic Coast Mortgage, LLC (ACM), a respected independent mortgage lender known for its client-centered approach, has recently acquired Tidewater Mortgage Services, Inc. (TMS). This strategic move marks a significant milestone for ACM as it seeks to enhance its market presence and continues its commitment to excellence in mortgage lending.
This acquisition unites ACM's innovative technologies and diverse mortgage products with TMS's profound commitment to community engagement and stellar customer service. Jon Coy, the President and co-founder of ACM, shared that this transaction is a pivotal development in ACM's mission to empower individuals through homeownership. With Tidewater’s established reputation across the Mid-Atlantic region, ACM is confident this collaboration will foster a remarkable mortgage journey for clients.
Rob Runnells, President of TMS, expressed excitement regarding the partnership, emphasizing how joining ACM will significantly benefit both their clientele and team. TMS's solid track record and ACM's technological advancements are expected to create a powerful synergy, ensuring that clients receive a comprehensive set of resources and services.
Driving Growth Through Aligned Values
The alignment of ACM's and TMS's long-term objectives is a promising factor in this acquisition. As ACM aims to expand its reach while maintaining its dedication to a personalized, technologically advanced lending process, the integration of TMS brings significant advantages, including a broader product offering and enhanced operational capabilities.
Through this acquisition, both companies are committed to providing exemplary guidance to first-time homebuyers, veterans, and seasoned homeowners alike. The collaboration is poised to simplify the lending experience while ensuring clients have access to competitive loan options tailored to their unique needs.
About Atlantic Coast Mortgage
Headquartered in Fairfax, Virginia, Atlantic Coast Mortgage specializes in the origination of residential mortgage loans and construction financing. Established in 2011, ACM boasts a team of experienced professionals, led by CEO Timur Tunador, who brings over three decades of expertise in the mortgage banking industry. With licensing in 40 states and a robust presence with 23 branches in strategically located areas, ACM is well-positioned to serve a diverse clientele looking for dependable mortgage solutions.
ACM remains committed to leveraging its experience and resources to deliver an outstanding mortgage experience. They engage actively with clients on social media platforms, fostering a sense of community and connection to potential borrowers.
About Tidewater Mortgage Services
Founded in 1997 by Art and Steve Sandler, Tidewater Mortgage Services is dedicated to providing affordable mortgage products to clients across the Mid-Atlantic and Southeast regions. Their focus on creating a familial culture within the workplace allows TMS to build lasting relationships with both their clients and the community. TMS is licensed to operate in the District of Columbia and 12 states along the East Coast, demonstrating their extensive reach and commitment to customer satisfaction.
TMS prides itself on its community involvement and personalized services, ensuring that each client feels valued and supported throughout their mortgage journey.
Frequently Asked Questions
What does the acquisition mean for Atlantic Coast Mortgage?
The acquisition of Tidewater Mortgage Services allows ACM to enhance its product offerings and expand its reach, improving the overall client experience.
How will clients benefit from this acquisition?
Clients will gain access to a broader range of mortgage products, advanced technology, and improved customer service as a result of ACM's enhanced resources.
Who are the key leaders involved in the acquisition?
Jon Coy, President of ACM, and Rob Runnells, President of TMS, were instrumental in the acquisition, guiding their teams towards shared objectives.
What is the history of Atlantic Coast Mortgage?
Founded in 2011, ACM has established itself as a premier mortgage lender with a commitment to client-focused service and innovative solutions in the mortgage industry.
What is the focus of Tidewater Mortgage Services?
TMS focuses on providing affordable mortgage products while fostering a strong community connection and a supportive workplace culture.
