General World News

Lenders GO Mortgage and PacRes to merge

Mortgage lenders GO Mortgage and PacRes struck a deal to merge their businesses, allowing them to gain scale and reduce the cost of originating a loan in a higher-for-longer mortgage rate environment. The financials of the transaction were not disclosed. 

“By uniting our unique capabilities and resources, we will achieve significant operational improvements,” Michael Isaacs, CEO of GO Mortgage, said in a prepared statement. Matt Stashin, CEO and founder of PacRes Mortgage, added that “in today’s lending environment, a focus on driving down the cost to originate a loan details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com