Republic State Mortgage Co. Acquires Union Trust Mortgage Corporation

By: Republic State Mortgage Co.
 
HOUSTON - June 16, 2015 - PRLog -- Houston, Texas, June 16, 2015/PRNewswire – Republic State Mortgage Co. today announced the acquisition of Union Trust Mortgage Corporation of Peabody, MA in a strategic move to continue Republic’s expansion regionally to serve a growing customer base. Republic now has 23 locations and lends in 11 states.

“Republic is known for the quality of its service, so it is important to us to grow only with professionals like our friends at Union Trust who share our values and customer-focus,” said Paulina S. McGrath, President of Republic. “Our growth has been very methodical, and we see this acquisition as a natural next step — adding a successful firm with an established reputation for quality and superior customer service."

The respective management teams first met as members of the Lenders One cooperative in 2003 and have both been active members in the Community Mortgage Lenders of America. Both teams believe the acquisition by Republic State will enable them to benefit from economies of scale and their combined resources and experience.

"The management teams of Union Trust and Republic State Mortgage Co. have been close friends for years, sharing our best ideas and strategies on a regular basis," said Peter A. Brotchie, founder and former CEO of Union Trust Mortgage Corporation. “This year we decided to take it to the next level and make our partnership official. We couldn't be happier about that decision."

For more information, please go to: http://www.republicstatemortgage.com

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About Republic

Republic State Mortgage Co. (RSMC) is a full-service mortgage banking firm headquartered in Houston, Texas. Founded in 1994, RSMC is a privately held company owned and operated by Paulina McGrath and Robert Wagnon, a native Texan. RSMC provides its customers with "best in class" loan products custom-tailored to fit nearly every financial scenario.

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Tags:Mortgages, Home Loans, Non Bank Lenders
Industry:Financial
Location:Houston - Texas - United States
Subject:Mergers
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