American Mortgage Consultants Inc. (AMC) has announced the acquisition of Meridian Asset Services LLC.
The financial terms of the acquisition were not made public. The St. Petersburg, Fla.-based Meridian
will operate as a subsidiary of New York-based AMC
and retain its brand identity and senior management team. Meridian will continue to be overseen by Karen Riffe, who will join AMC as President, Meridian Asset Services
“This transaction further highlights AMC’s commitment to being the foremost one-stop-shop for mortgage due diligence, consulting, advisory services and technology,” said AMC CEO Michael Franco. “We are excited to significantly enhance our service offerings through Meridian, a firm known for their quality and expertise. We expect this transaction to streamline operations for existing AMC and Meridian clients by centralizing activities, increasing transparency, and reducing cycle time.”
“AMC’s commitment to the secondary market space and focus on continued investment in Meridian’s capabilities and offerings will create unique and differentiated services,” said Riffe. “We are excited to join AMC and look forward to working with AMC’s existing management team.”