Freddie Mac: Here are the top 5 improving metro markets for housing

The Census Bureau is cooking the new home sales numbers

You can’t make bricks with imaginary straw

The 12 hottest housing markets right now

And the biggest losers in the price growth race
W S
Lending / The Ticker

Lennar mortgage subsidiary acquires assets of Pinnacle Mortgage

house

Universal American Mortgage Company, a mortgage-banking subsidiary of Lennar Corporation (LEN), acquired certain assets of Pinnacle Mortgage Group.

Colorado-based Pinnacle is licensed in seven Western states and has established retail office locations in Southern California and Colorado.

As a result, Pinnacle will have access to a larger variety of mortgage products and will operate under UAMC’s retail branch name, Eagle Home Mortgage.  

"We believe leveraging the vast resources of the Lennar Family of Companies will strengthen our value proposition and grow market share," said Todd Henderson, who founded Pinnacle with Brian Rindels.

Rindels added, "We look forward to building a stronger franchise together to become the destination of choice for top-tier loan originators." Henderson and Rindels will remain with the company as leaders of Pinnacle.

While UAMC primarily focuses on providing financing solutions for homebuyers purchasing homes by Lennar Corporation, Pinnacle will focus on serving new and resale homebuyers. 

Recent Articles by Brena Swanson

Comments powered by Disqus