has announced its acquisition of Elev8 Mortgage, a mortgage brokerage based in Bend, Ore. Terms of the deal were not disclosed.
Elev8 Mortgage offers a range of conventional, jumbo and agency loan products, and produces an average of $100 million a year. Churchill Mortgage will transition the Elev8 team and office into a Churchill branch.
“We made the decision to join Churchill Mortgage because of the unique position that the company holds in the industry,” said Dan Williams, president of Elev8 Mortgage. “Churchill’s current broker model is unlike others in the mortgage space. The company has a culture and brand behind it that stands for more than just closing a loan–it is about leaving customers in a better position by helping them achieve debt-free homeownership. Churchill Mortgage does all of this while offering incredible products and rates, delivered with technology that is best in class. There was no downside to this acquisition. It will only improve our business and our incredible team.”
Churchill Mortgage Vice President of the Northwest Region Kevin J. Hanna said: “Acquiring Elev8 made sense because the team’s culture, vision and innovative mindset are all aligned with Churchill Mortgage. We believe in putting people over profits and creating an exceptional experience for our borrowers, employees and partners alike. Our shared goals and ideals make the acquisition a perfect fit. There is continued growth and expansion on the horizon in the Pacific Northwest for Churchill Mortgage. With Team Elev8, powered by Churchill Mortgage, we will move the industry forward.”