Union Home Mortgage Expands Reach with Sierra Pacific Acquisition in 2025

Union Home Mortgage Expands Its Reach with Sierra Pacific Mortgage Acquisition

Union Home Mortgage (UHM), a prominent player in the independent mortgage banking sector, has made headlines with its recent acquisition of the origination assets of Sierra Pacific Mortgage Corporation (SPMC). This strategic move signifies UHM's commitment to expanding its presence in the Western United States, especially along the West Coast.

As part of the acquisition deal executed on September 17, 2025, UHM has absorbed the retail and wholesale channels of SPMC, significantly enhancing its portfolio by integrating all existing SPMC retail branches and wholesale broker relationships. This acquisition is monumental; it places UHM among the 15 largest independent mortgage bankers nationwide, solidifying its reputation in the rapidly evolving industry.

Bill Cosgrove, CEO of Union Home Mortgage, welcomed the transition warmly, stating, "I’m thrilled to welcome the wonderful mortgage professionals from Sierra Pacific Mortgage to Union Home. As we moved through the acquisition process, it was clear that SPMC is a perfect fit geographically and culturally. I’m hopeful that SPMC employees will feel right at home in our culture of 'Promises Kept.'" This culturally aligned integration is expected to facilitate a smooth transition for both UHM and SPMC employees, ensuring that operational harmony is maintained.

Founded four decades ago, Jim Coffrini, the founder and CEO of Sierra Pacific Mortgage, has cultivated a legacy dedicated to supporting brokers and retail branches. His commitment to investing heavily in personnel and technology has now found a collaborative continuation under UHM. Coffrini expressed his pleasure in seeing his legacy thrive under the leadership of Bill and the Union Home team, highlighting the cultural and operational synergies between the two firms.

Importantly, Sierra Pacific's retail branches and wholesale brokers will continue their existing operations without disruption. They will maintain their relationships and continue utilizing SPMC's proprietary ExpressLoan origination system to process loans seamlessly. Jon McCash, Executive Vice President of Third-Party Origination Sales, reassured stakeholders, saying, "It's business as usual for our brokers. We are excited for all the enhancements we have planned."

Both Union Home Mortgage and Sierra Pacific Mortgage prioritize a strong organizational culture that emphasizes core values such as customer experience, accountability, innovation, and timeliness. These shared values have not gone unnoticed; Sierra Pacific has been recognized as one of the Top 50 Mortgage Companies to work for in America by Mortgage Executive Magazine and as a Top Mortgage Lender by the Scotsman Guide. Meanwhile, UHM has garnered accolades as a Top Workplace by USA Today for five consecutive years and has been honored as a Top Workplace in Northeast Ohio by the Plain Dealer for eleven years.

With previous acquisitions—including Nations Reliable Lending in March 2025 and Amerifirst Home Mortgage in December 2022—UHM's trajectory indicates ambitious growth in the mortgage banking landscape. This latest integration ensures that UHM continues to provide high-touch customer service supported by robust technology, aligning with their reputation as an industry leader.

"At Union Home Mortgage, we pride ourselves on our collaborative workplace culture, driven by a Code of Conduct that emphasizes respect, open communication, and accountability," shared Bill Cosgrove. The company's focus on these principles not only enhances team dynamics but also translates to industry-leading customer retention and satisfaction rates, further strengthening their market presence.

In conclusion, the acquisition of Sierra Pacific Mortgage Corporation marks a significant milestone for Union Home Mortgage, aligning with their vision of providing unparalleled service in the mortgage industry while remaining devoted to their cultural ethos. As they move forward, UHM's stakeholders, employees, and customers are poised for promising developments that stem from this merger, echoing their commitment to excellence in the mortgage sector.