Atlantic Coast Mortgage Acquires Tidewater Mortgage Services
Atlantic Coast Mortgage, LLC (ACM), a dynamic independent mortgage lender licensed in 40 states, has made headlines by acquiring Tidewater Mortgage Services, Inc. (TMS). This strategic move looks to blend ACM's innovative lending methods with TMS's established rapport in the Mid-Atlantic and Southeast regions.
The Impact of the Acquisition
In a recent statement, Jon Coy, President and co-founder of ACM, expressed that this acquisition marks a significant milestone in their mission to empower individuals through homeownership. He emphasized the alignment of Tidewater's esteemed reputation and ACM's vision, indicating that customers can expect an enhanced mortgage experience backed by community-focused values.
Benefits to Clients
Rob Runnells, President of Tidewater Mortgage Services, shared his excitement about the merger, mentioning that joining forces with ACM will enable them to broaden their reach and streamline product offerings. He highlighted how their clients stand to gain from ACM's advanced technology and national resources, thereby enhancing service delivery.
Growth Strategy and Alignment
This acquisition underscores ACM's growth strategy aimed at expanding its market presence while ensuring a technology-oriented and client-centric lending experience. The integration of TMS’s experienced team into ACM aims to catalyze growth, particularly in serving first-time homebuyers and veterans.
Enhancing Services for Homebuyers
With this acquisition, ACM is poised to offer even better personalized guidance and a broader array of competitive loan options. This initiative reflects their commitment to satisfying the needs of all homebuyers, whether they are newcomers to purchasing a home or looking to refinance existing loans.
About Atlantic Coast Mortgage
ACM is a reputable mortgage lender headquartered in an up-and-coming area and specializes in residential mortgage loans and construction loans. Founded in 2011, ACM is guided by industry veterans, including Timur Tunador as CEO, who brings over three decades of mortgage banking expertise. With operations in 40 states, ACM operates numerous branches across the East Coast, reinforcing their strong market presence.
Sharing Values with Tidewater Mortgage Services
Tidewater Mortgage Services, established in 1997, is known for its family-oriented culture and dedication to engaging with the community. Their range of mortgage products and personalized customer service philosophy create a strong synergy with ACM’s values, making this partnership particularly exciting for both companies.
Looking Ahead
The future looks promising for both ACM and TMS as they combine their resources and expertise. Together, they aim to innovate within the mortgage lending sector while maintaining a close connection with the communities they serve. This acquisition not only strengthens ACM's market position but also enhances their ability to meet evolving customer needs in an increasingly competitive environment.
Frequently Asked Questions
What is the significance of ACM acquiring TMS?
The acquisition aims to merge ACM's innovative approach with TMS's strong customer service, enhancing the overall mortgage experience.
How will clients benefit from this merger?
Clients will enjoy expanded resources, advanced technology, and a more extensive range of competitive loan options.
What does ACM specialize in?
ACM specializes in residential mortgage loans and construction loans, focusing on client-centered service.
When was Tidewater Mortgage Services founded?
Tidewater Mortgage Services was established in 1997 and has a long-standing dedication to customer engagement.
Who leads Atlantic Coast Mortgage?
Timur Tunador, with over 30 years in mortgage banking, is the current CEO of Atlantic Coast Mortgage.
