AnnieMac Home Mortgage Acquires OVM Financial

Jun 30, 2022

Staff Writer

Wants to expand its outreach into the Mid-Atlantic region.

KEY TAKEAWAYS

New Jersey-based AnnieMac Home Mortgage is acquiring Virginia-based mortgage provider OVM Financial.
OVM Financial is a $1.7 billion purchase-focused mortgage originator with over 220 employees, headquartered in Virginia Beach.

AnnieMac Home Mortgage is acquiring Virginia-based mortgage provider OVM Financial, with the goal of expanding its presence in the mid-Atlantic U.S.

"OVM is an incredibly talented team, and we are thrilled to be adding them to the AnnieMac platform," said President Ryan Kube. "In a rising rate environment, growth, scale, and culture are more important than ever. OVM brings that to AnnieMac in spades.”

OVM Financial is a $1.7 billion purchase-focused mortgage originator with over 220 employees, headquartered in Virginia Beach. The company has offices across Virginias well as in Florida, North Carolina, and Texas.

All four OVM owners, as well as CEO Adam Newman and VP of Sales Brian Hill, are among others will take on active leadership roles at AnnieMac.

"We're excited to partner with AnnieMac to continue providing exceptional service to our customers and referral partners" said OVM Financial owner Matt Beckwith. "AnnieMac provides growth opportunities to our employees, and we share the excitement for what our two organizations can do together."

AnnieMac

About the author

Staff Writer

Sarah Wolak is a staff writer at NMP.

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Published

Jun 30, 2022

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