Real Estate
Home›Real Estate›Industry›Union Home Mortgage buys AmeriTrust assets to expand n…
Union Home Mortgage buys AmeriTrust assets to expand non-QM reach
The $ acquisition, completed in a 45-day process without servicing, is expected to add about 200 employees and lift non-QM to 15% to 20% of companywide volume.
Union Home Mortgage Corp. (UHM) has acquired AmeriTrust Mortgage Corp. assets in a deal that closed in 45 days, the company said, expanding its footprint in the nonqualified mortgage, or non-QM, market.
Financial terms were not disclosed. UHM said the transaction includes no servicing, and it expects to bring on roughly 200 AmeriTrust employees, including loan officers, with about 20 to 25 overlapping roles.
UHM estimates non-QM could rise to 15% to 20% of its companywide production. HousingWire reports UHM CEO Bill Cosgrove said the move reflects ongoing consolidation as mortgage industry margins remain pressured.
AmeriTrust is a California-based multichannel lender with 92 sponsored loan officers across five active branches, according to NMLS data cited by HousingWire. RETR data referenced in the report shows AmeriTrust produced $913 million in mortgages in 2025, including $250 million on the wholesale side.