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Union Home Mortgage Servicing Portfolio Notches $10B

Navi Persaud
Aug 19, 2020
Teamwork written on a chalkboard.

Ohio-based Union Home Mortgage's mortgage servicing portfolio reached the $10 billion mark for the first time in the company's history. It is now responsible for servicing loans for 60,000 families nationally.

Bill Cosgrove, president and CEO of Union Home Mortgage, said, "We’re not stopping either. Union Home Mortgage is continuing to build out our teams, and the company as a whole, to achieve even more responsible lending across the country."

The company's total mortgage accounts serviced, including designated third-parties, passed the $10 billion mark in July 2020, after adding servicing to its portfolio five years ago. Union's recent success was gained through both new home purchases and refinances, due to increased demand.

"Investments in both technology, as well as training, have been very impactful for us," said Jim Ferriter, senior vice president of retail sales. "We are meeting consumers where they want to be like never before, and for our partners, we have new tools and an incredible knowledge base that opens all kinds of opportunity. We’re excited to add even more training and support as well."

Union previously announced plans to hire 450 people, as well as plans for the construction of a Strongsville headquarters. The company is licensed in 44 states and the District of Columbia.

 

Click here to learn more about Union Home Mortgage.

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