GO Mortgage, a national mortgage lender headquartered in Columbus, Ohio, and PacRes Mortgage, a national boutique lender operating in the West, have entered a merger agreement which is expected to close in the third quarter.
The merger will combine two mortgage lending platforms, each in business for over 20 years, with geographically diverse footprints and deep customer relationships.
“This merger is a strategic move that blends our commitment to outstanding service and community support,” says Michael Isaacs, CEO of GO Mortgage, in a release. “By uniting our unique capabilities and resources, we will achieve significant operational improvements and foster innovation.”
“In today’s lending environment, a focus on driving down the cost to originate a loan is critically important, and this merger of two equals creates a single, high-performance platform, giving us a substantial competitive advantage while doubling our loan volume,” adds Matt Stashin, founder and CEO of PacRes Mortgage.
Following the merger, Isaacs will lead the combined company as CEO, and Stashin will join the GO Mortgage board of directors.
Melissa Stashin, president and founder of PacRes Mortgage, will become president. Eric Wiley, executive vice president/founder of PacRes Mortgage, will become chief experience officer.
Andrew Panagos of GO Mortgage will become the chief operating officer.
“Combining the companies creates new and exciting opportunities for both organizations,” says Melissa Stashin. “This merger represents two culturally-aligned and highly complementary brands joining forces to serve our clients and employee-partners better.”
The merged organization will be headed by a group of experienced mortgage industry leaders committed to providing five-star customer service, competitive rates, and innovative technology to meet today’s high customer expectations.
“Together, we look forward to building on the strong foundation of GO Mortgage and PacRes Mortgage to create a truly remarkable mortgage lender that will continue to create significant value for our customers, partners, and employees,” Isaacs says.
Photo: Edge2Edge Media
