Union Home Mortgage introduced Tuesday the enlargement of its footprint within the Midwest.
A group of 16 workers, led by two former UMortgage managers, will be a part of UHM’s current group in Cincinnati, Ohio, in accordance with a information launch.
Ravi Patel and Justin Allen, who spent greater than two years at mortgage brokerage UMortgage, will each function space branch managers for the Cincinnati area. The duo brings with them eight mortgage officers, three mortgage officer assistants, a processor, a manufacturing supervisor and a advertising and marketing supervisor.
The group is anticipated to herald notable origination quantity to retail lender UHM. It closed 996 items and funded over $260 million the earlier yr, in comparison with the 874 items amounting to $215 million closed by the UHM group in 2024.
Prior to UMortgage, Patel and Allen have been each working on the retail facet of lending. Patel labored at Guaranteed Rate for over 4 years, and Allen labored for six years at Nations Reliable Lending, a agency UHM acquired earlier this yr.
(Nations Reliable Mortgage, often known as NRL Mortgage, closed $1.091 billion in origination quantity in 2024, whereas UHM counted $7.6 billion in quantity.)
The former UMortgage branch managers will each report back to Caveh Azadeh, senior vp of gross sales at UHM. Azadeh and Allen labored collectively at NRL Mortgage from 2016 to 2022, earlier than Allen left for UMortgage.
“It’s been unimaginable to see how my former colleagues and I took totally different paths — gaining new experiences, rising via a altering market, and navigating the post-COVID world — solely to return full circle and reunite,” mentioned Allen in a press release.
Patel, alternatively, highlighted the significance of “maintaining the group collectively” in making a transfer to a brand new agency. “We have a powerful group with some actual expertise and vitality that we may by no means go away behind,” he added.
Union Home Mortgage has prioritized rising its headcount in the previous few years, bringing in new expertise through acquisitions and natural hiring. As of Wednesday, it sponsors nearly 900 mortgage officers and is licensed to function in all 50 states.
In a earlier interview, Bill Cosgrove, CEO of UHM, famous the agency’s $22 billion servicing portfolio has supported its progress and hiring efforts.
“We have positioned Union Home to be rising income. We’re extremely steady and it is a very engaging package deal for lots of mortgage officers at this time which may be involved in regards to the route of their present firm,” he mentioned.
Union Home Mortgage funded over $5 billion in originations in 2024, up from $3.9 billion in 2023, knowledge from Modex reveals.
