A San Diego-based mortgage company has scooped up Austin’s AmeriPro Home Loans.
Guild Mortgage Co. said it has acquired the Austin company, which has 29 branches and $750 million in loan volume as of 2015, for an undisclosed amount.
The deal is expected to close July 1 and will make Guild one of the largest independent mortgage banking companies in Texas, the company said.
“AmeriPro and Guild together will be stronger in every way than each company is today,” said Mary Ann McGarry, Guild’s president and CEO. “AmeriPro is recognized throughout the region for the quality of its customer service and empowering the individual. Guild brings technology in support of sales, custom-built systems, tools, products, a servicing portfolio, a strong balance sheet, an entrepreneurial and team-oriented approach and management strength with a group of owner managers committed to continuing success.”