Cincinnati-based American Mortgage Service Co. and New Orleans-headquartered Eustis Mortgage have announced a plan to merge their operations.
Details of this merger were not disclosed. The newly-combined entity has yet to be named, but is expected to launch by the end of the year. American Mortgage Service Co. was started in 1975 and Eustis Mortgage began in 1956.
“We are excited about the chance to put together two great companies who share long successful histories celebrating the customer experience, a focus on serving first-time home buyers, and employee satisfaction,” said Bill Case, president and CEO of AMSCo. “There are lots of mergers and acquisitions that take place in our business, but it is very difficult to find ones where the cultures are so similarly aligned. We are thrilled at the opportunities that this larger and stronger company will provide for our customers, employees and business partners.”
“The culture at our company has always been defined by the exceptional people that make it all happen, a commonality that both companies share intimately,” said Kate deKay, CEO of Eustis Mortgage, “To that end, with both companies recent record breaking volume, now was the perfect time for us to come together and expand. Our completely digital platform is built for our clients and referral partners and has proven we can grow our business. We are now positioned to be the last stop destination for elite producers that want to be able to control the outcome of their careers.”