Absolute Home Mortgage Corp.
has announced its acquisition of the origination platform of Haus Mortgage (HausM), a residential mortgage originator and digital marketing provider, headquartered in Chicago. The terms of the transaction were not made public.
According to the companies, the acquisition will enable the Fairfield, N.J.-based Absolute to expand into in the Chicago market. HausM is supported by the digital marketing firm ParadigmNEXT and exceeded its origination goals by 60 percent in 2019, with a forecast for 200 percent growth through its integration with the Absolute brand, the companies added.
"Absolute’s culture and technology are going to allow the HausM origination team to extend its preexisting footprint and rapid expansion in the Chicago market," said Anatoly Nirshberg, CEO of HausM.
"Now that we are expanding to Chicago, we believe the power of HausM and ParadigmNEXT, in conjunction with Absolute’s foundation, will rapidly expand our vision for technology-based retail mortgage originations," said Matthew VanFossen, CEO of Absolute Home Mortgage. "Over the next 12 months, our focus will be refining consumer education of available loan products and how each consumer engages with a mortgage application and brand."