Atlanta-based AmeriSave Mortgage Corporation will acquire a large portion of CertusBank’s mortgage division, including the majority of its employees and facilities.
The offices AmeriSave will acquire are located in Georgia, South Carolina and North Carolina. These branches currently employ approximately 40 loan officers.
Through this agreement, AmeriSave can expand and establish a traditional retail mortgage origination channel to complement its online origination platform.
“AmeriSave is excited to partner with a very experienced group of mortgage professionals who we truly believe will excel under the same business model we have had in place for many years and which allows us to enter the only remaining segment of the mortgage business we have previously had no presence,” Ed Abufaris, president of AmeriSave, said.
Meanwhile, CertusBank, headquartered in Greenville, South Carolina, has decided to move toward a more traditional community banking business model and identified mortgage as an area with opportunity for significant changes.