Politics & MoneyMortgage

AmeriSave Mortgage to acquire CertusBankÕ mortgage division

Establishes traditional retail mortgage origination channel

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.

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

HousingWire is growing. Come join us

2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.

Dec 06, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please