LIME acquires Meritage Mortgage personnelMortgagePress.comCorrespondent mortgage lending
LIME Financial Services Ltd. has reached an agreement to acquire
the sales staff and a commensurate portion of the operations staff
of Meritage Mortgage Corporation. NetBank, the parent company of
Meritage, is exiting the nonprime residential lending sector.
"This arrangement with NetBank allows us to capitalize on the
most important of the Meritage assets—its people," said LIME
CEO Zan Hamilton. "We are offering employment to Meritage account
executives (AEs) and will hire operations personnel to support
Lake Oswego, Ore.-based LIME Financial Services Ltd. is a
wholesale nonprime residential lender. For more information, call
(877) 270-3838 or visit www.limefinancial.com.
NetBank subsidiary Meritage Mortgage Corporation is a nonprime
mortgage lender with offices in Jacksonville, Fla. and Beaverton,
Ore. For more information, call (800) 257-6040 or visit www.meritage.com.