California-based lender American Pacific Mortgage (APM) announced an asset purchase agreement with retail lender Lend Smart Mortgage on Thursday in its latest move to drum up production across the country.
APM bought assets that include about 25 branches from the Minnesota retail lender Lend Smart. APM also acquired a database of referral partners as well as the branch leases that they had, Bill Lowman, CEO of APM, said in an interview with HousingWire.
Lend Smart will retain its name and brand and have access to APM’s mortgage products.
“Our intention is to retain all of details ⇒
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