Atlantic Coast Mortgage Expands Its Reach with Tidewater Acquisition
In a significant move within the mortgage lending industry, Atlantic Coast Mortgage, LLC, commonly referred to as ACM, has recently acquired Tidewater Mortgage Services, Inc. This acquisition marks a strategic expansion for ACM, a prominent independent mortgage lender licensed in 40 states. Situated in Coastal Virginia, Tidewater has built a strong reputation in the Mid-Atlantic and Southeast regions for its commitment to customer service and community involvement.
ACM's acquisition of Tidewater is poised to merge both companies' strengths, creating a powerful lending entity that aims to empower individuals and families on their homeownership journeys. Jon Coy, President and co-founder of ACM, remarks on the acquisition as a pivotal step towards enhancing the company's mission. The combination of ACM's client-oriented mortgage solutions and Tidewater's esteemed local presence are expected to generate significant synergies, yielding an even more robust client experience.
One of Tidewater's key advantages has been its emphasis on local engagement, a characteristic that ACM is keen on maintaining. As the company integrates, ACM plans to uphold and further cultivate this deep-rooted commitment to community service. This strategy aligns seamlessly with ACM's vision of building brighter futures through homeownership. According to Coy, this merger allows both companies to enhance their mortgage offerings and provide innovative solutions tailored to the needs of their clients.
Rob Runnells, the President of Tidewater, expresses optimism regarding the merger, highlighting how it opens doors for growth and improvement. Tidewater, having evolved significantly over its 25-year history, will now benefit from ACM's advanced technological platforms and resources. This means that clients will enjoy not only a broadened selection of mortgage products but also superior technological conveniences that streamline the mortgage process.
Beyond technology enhancements, the acquisition is expected to create new opportunities for employees. This integration will allow Tidewater’s team to gain access to ACM’s comprehensive training programs and career advancement paths, fostering a culture of growth and development for all involved.
The partnership reflects ACM's proactive growth strategy aimed at broadening its market reach, all while keeping its focus on providing a streamlined, technology-driven client experience. With the merger of these two companies, the aim is to provide personalized guidance to first-time homebuyers, veterans seeking new homes, and seasoned homeowners looking to refinance or invest in property.
This acquisition not only emphasizes the evolution of a client-centered approach but also showcases a commitment to employing technology as a means of improving customer experience. As both companies move forward under this new arrangement, the combined talents and resources signal a bright future for homeownership accessibility, particularly in an ever-changing economic landscape.
Headquartered in Fairfax, Virginia, ACM was founded in 2011 and specializes in originating residential mortgage loans and construction loans. With its broad reach and dedicated professional team, ACM is well-prepared to take on the challenges of the mortgage market.
Meanwhile, Tidewater Mortgage Services, established in 1997 by Art and Steve Sandler, has developed a loyal clientele through its focus on community engagement and personalized service. Licensed across 12 states and the District of Columbia, Tidewater offers various affordable mortgage products designed to meet the diverse needs of its clients.
As these two companies join forces, the mortgage industry is set to witness a transformation that emphasizes not only efficiency but also a heartfelt commitment to client satisfaction and community well-being. Together, ACM and Tidewater aim to break down barriers to homeownership and lighten the pathway for future homeowners.
In an era where technology plays a pivotal role in every industry, this acquisition is a refreshing reminder of the impact of merging innovation with accessible human service. As both companies embark on this new chapter, their collaborative efforts are expected to redefine what clients can expect from a modern mortgage experience.
ACM's acquisition of Tidewater is poised to merge both companies' strengths, creating a powerful lending entity that aims to empower individuals and families on their homeownership journeys. Jon Coy, President and co-founder of ACM, remarks on the acquisition as a pivotal step towards enhancing the company's mission. The combination of ACM's client-oriented mortgage solutions and Tidewater's esteemed local presence are expected to generate significant synergies, yielding an even more robust client experience.
One of Tidewater's key advantages has been its emphasis on local engagement, a characteristic that ACM is keen on maintaining. As the company integrates, ACM plans to uphold and further cultivate this deep-rooted commitment to community service. This strategy aligns seamlessly with ACM's vision of building brighter futures through homeownership. According to Coy, this merger allows both companies to enhance their mortgage offerings and provide innovative solutions tailored to the needs of their clients.
Rob Runnells, the President of Tidewater, expresses optimism regarding the merger, highlighting how it opens doors for growth and improvement. Tidewater, having evolved significantly over its 25-year history, will now benefit from ACM's advanced technological platforms and resources. This means that clients will enjoy not only a broadened selection of mortgage products but also superior technological conveniences that streamline the mortgage process.
Beyond technology enhancements, the acquisition is expected to create new opportunities for employees. This integration will allow Tidewater’s team to gain access to ACM’s comprehensive training programs and career advancement paths, fostering a culture of growth and development for all involved.
The partnership reflects ACM's proactive growth strategy aimed at broadening its market reach, all while keeping its focus on providing a streamlined, technology-driven client experience. With the merger of these two companies, the aim is to provide personalized guidance to first-time homebuyers, veterans seeking new homes, and seasoned homeowners looking to refinance or invest in property.
This acquisition not only emphasizes the evolution of a client-centered approach but also showcases a commitment to employing technology as a means of improving customer experience. As both companies move forward under this new arrangement, the combined talents and resources signal a bright future for homeownership accessibility, particularly in an ever-changing economic landscape.
Headquartered in Fairfax, Virginia, ACM was founded in 2011 and specializes in originating residential mortgage loans and construction loans. With its broad reach and dedicated professional team, ACM is well-prepared to take on the challenges of the mortgage market.
Meanwhile, Tidewater Mortgage Services, established in 1997 by Art and Steve Sandler, has developed a loyal clientele through its focus on community engagement and personalized service. Licensed across 12 states and the District of Columbia, Tidewater offers various affordable mortgage products designed to meet the diverse needs of its clients.
As these two companies join forces, the mortgage industry is set to witness a transformation that emphasizes not only efficiency but also a heartfelt commitment to client satisfaction and community well-being. Together, ACM and Tidewater aim to break down barriers to homeownership and lighten the pathway for future homeowners.
In an era where technology plays a pivotal role in every industry, this acquisition is a refreshing reminder of the impact of merging innovation with accessible human service. As both companies embark on this new chapter, their collaborative efforts are expected to redefine what clients can expect from a modern mortgage experience.
Topics Financial Services & Investing）
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