Hanna Holdings, the parent company of Howard Hanna Real Estate Services, Nothnagle Realtors, and RealtyUSA, announced this week that it acquired 1st Priority Mortgage.
The acquisition comes on the heels of Howard Hanna’s 2016 acquisition of RealtyUSA, the largest real estate broker in New York. That deal made Howard Hanna, already the largest real estate broker in Pennsylvania and Ohio, into what the companies called the “third-largest real estate company in the United States.”
And now Howard Hanna is acquiring 1st Priority Mortgage, which also recently merged with Nothnagle Home Securities, a mortgage broker based in Rochester, New York.
According to the companies, the combined 1st Priority and Nothnagle groups funded $387,060,225 in mortgage lending in New York in 2016.
With the addition of 1st Priority and Nothnagle Home Securities to the rest of the Hanna mortgage companies, the combined group expects to originate over $2 billion in mortgage volume in the next 12 months, the company said.
Brooke Anderson-Tompkins will continue as president of 1st Priority, while former owner Merle Whitehead will remain as chairman of the board with Christine Nothnagle as director of strategic engagement.
According to the companies, the acquisition of 1st Priority concludes the process that began when RealtyUSA merged with Hanna last year.
“We have been awaiting regulatory approval for close to a year and over that time, I have gotten to know Brooke and Merle and their team at 1st Priority to be great professionals in our industry, I am proud that they are on our team,” stated F. Duffy Hanna, president of Howard Hanna Financial, the financial services arm of Hanna Holdings.
“We are thrilled that 1st Priority, along with their great leadership, employees, and mortgage consultants will be added to the Hanna family,” Hanna Holdings CEO Helen Hanna Casey said. “We look forward to serving the New York market with the finest mortgage products and services offered.”