InterLinc Mortgage Services LLC has announced the acquisition of HomeTown Mortgage Services Inc. resulting in a combined annual production of $700 million with 228 employees, a stronger presence in the state of Alabama and the future addition of Georgia to the 13 states InterLinc currently serves.
“Alignment with 'game breakers' has always been the key to our growth,” said Jim Van Steenhouse, CEO of InterLinc. “We have long considered Alabama a strong potential market for us, and there was no question that HomeTown was just the game breaker we were looking for. HomeTown’s Doug Rohm is highly regarded in the marketplace, with boundless energy and vision, and his partner, Ron Danielczyk, has the innate ability to put metrics around Doug’s skills. Together, they have the perfect recipe for success.”
Ranked the seventh largest lender by the Birmingham Business Journal, HomeTown grew from $112 million to $300 million in 2012. HomeTown employees’ average tenure of 10-plus years proves an “overwhelming similarity” between the two companies’ work culture and environments; this acquisition was a natural fit for InterLinc.
“We are very excited about the opportunities this brings us”, says HomeTown President and CEO Doug Rohm. “Together with InterLinc, we will be well-positioned to capitalize future growth within the Southeast footprint. Our team of professionals are the perfect fit to join the InterLinc platform and we will be bringing an array of new products and services to the communities we serve.”
InterLinc’s growth plan continues to be achieved through careful expansion of its employee loan originators and retail branch locations, primarily in the Southern U.S. The company’s projected 15 percent year-over-year increase in production may seem ambitious in light of predictions that 2014 will be a down year for the mortgage industry, but InterLinc’s annualized growth of 33 percent since 2011 bodes well for achieving and surpassing these very conservative goals.
“I have no doubt that our combined efforts will provide an unparalleled opportunity for growth as we maintain our focus, attack our goals with precision and metrics and put our people in the best position to succeed.” said Van Steenhouse. “At InterLinc, we know that our success depends on our team members. We’re the very best fit for mortgage professionals who want to provide the hands-on, personal attention that homebuying clients deserve in making the single largest investment decision of their lives. The bottom line is this ... buying a home is a big deal and we understand that different needs require customized solutions. That’s why we give our people all the tools and support they need to deliver loans on time and as agreed.”