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SCME Mortgage Bankers deploys PriceMyLoan.com

National Mortgage Professional
Nov 10, 2005

United Financial merges with Airlie and ARHMortgagePress.comUnited Financial Mortgage Corporation, AIrlie Opportunity Master Fund Ltd., ARH Mortgage Inc., mergers United Financial Mortgage Corporation (UFMC) has announced that it signed a definitive merger agreement with ARH Mortgage Inc. and the Airlie Opportunity Master Fund Ltd. Under the terms of the merger agreement, Airlie will acquire the company for $5.64 per share of common stock in cash. Upon completion of the acquisition, UFMC will become a subsidiary of Airlie and continue to operate out of its Oak Brook, Ill. headquarters as United Financial Mortgage Corporation. Steve Khoshabe, president and CEO of UFMC, will continue to serve in his current role. In addition, UFMC anticipates that it will retain substantially all of its employees. The parties anticipate that the closing will occur during the fourth calendar quarter of 2005. Khoshabe emphasized that by joining forces with Airlie, both UFMC's retail and wholesale customers will not only retain very high levels of customer service, but will also gain access to a wider range of products and services through the additional resources that partnering with Airlie can offer. Greenwich, Conn.-based Airlie Opportunity Master Fund Ltd. focuses on investments in securities of leveraged middle-market companies. United Financial Mortgage Corporation, based in Oak Brook, Ill., is an independent mortgage banker that originates, funds, sells and services residential and commercial mortgage loans. For more information, call (800) 898-UFMC or visit www.ufmc.com.
Published
Nov 10, 2005
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