Union Home Mortgage Expands Reach with Nations Reliable Lending Acquisition

In a strategic move to strengthen its presence in key markets, Union Home Mortgage (UHM) has announced its acquisition of Nations Reliable Lending, also known as NRL Mortgage. This transaction marks a significant milestone for UHM, a rapidly growing independent mortgage banking company that prides itself on its transformative workplace environment.

Strengthening Regional Presence

UHM's acquisition of NRL, headquartered in Houston, is set to bolster its operations significantly across its expansive 48-state business footprint, particularly targeting the Texas and Southwest Ohio markets. This strategic positioning is expected to enhance UHM’s offerings and expand its clientele in regions where both firms already enjoy strong reputations.

Bill Cosgrove, UHM's CEO, expressed enthusiasm regarding the merger, stating, "All of us at Union Home are excited to welcome the wonderful mortgage professionals of NRL to our family. Our company lives by the mantra of 'Promises Kept,' which includes not only our commitments to customers but also to our employee partners. By joining forces, we broaden the impact of that promise while cultivating a unique workplace culture in the mortgage industry." He further emphasized how the merger reinforces the values shared between both companies.

Acknowledging Achievements and Impact

In 2024, Nations Reliable Lending closed a remarkable $1.091 billion in loans, further adding to UHM’s impressive total of $7.6 billion closed in the same year. This merger not only increases the operational volume but also consolidates two powerhouse teams dedicated to exceptional service delivery.

Mewael Ghebremichael, CEO of Nations Reliable Lending, emphasized that both organizations share a commitment to superior service. He said, "NRL’s mission has always been to provide reliable service to our customers, partners, employees, and communities. Joining forces with UHM feels right because we know they care as much as we do about working as a team for the betterment of our borrowers. Together we can make an even more meaningful impact, and we're eager to begin this new chapter."

Shared Values Driving Success

Both companies, which have been recognized for their outstanding workplace culture, find common ground in core values such as open communication, accountability, and empowerment of customers and coworkers. Notably, NRL was honored as a Top Workplace by the Houston Chronicle in 2024, while Union Home Mortgage boasts a longstanding recognition as a Top Workplace by the Plain Dealer for ten consecutive years. Additionally, both firms have achieved national recognition as Top Workplaces by USA Today, showcasing their commitment to fostering positive work environments.

Looking Ahead

With this acquisition, UHM is not merely looking to consolidate existing operations but is also setting its sights on future growth and customer-centric initiatives. The merger combines the strengths, philosophies, and innovative approaches of both institutions, promising enhanced value for all stakeholders involved.

As UHM continues to expand its influence within the mortgage industry, the integration of NRL’s team and resources is poised to create a formidable alliance that can better serve the evolving needs of borrowers. Both companies are enthusiastic about the trajectory this merger sets for the future, one marked by shared success and community-oriented growth.

For more information about Union Home Mortgage and its acquisitions, visit their official website.