Kirkland, Wash.-based Cobalt Mortgage has acquired Coulombe and Evered LLC, a Bellevue, Wash.-based mortgage brokerage firm. With this acquisition, locally owned and operated Cobalt Mortgage becomes the third-largest retail mortgage lender in King County, behind Wells Fargo and Bank of America, the company says.
‘This acquisition is part of Cobalt's strategic plan to expand its market presence in Washington state,’ says Keith Tibbles, president of Cobalt Mortgage. Adding, ‘The mortgage industry now has more opportunity for well-run, well-capitalized companies than any time in the past 10 years."
Cobalt Mortgage was founded in 2001 and has branches in Washington, Arizona, Oregon and California.
SOURCE: Cobalt Mortgage