Union Home Mortgage Acquires AmeriTrust Assets

Union Home Mortgage Corp. (UHM) acquired AmeriTrust Mortgage Corp. in an asset deal that concluded within 45 days, significantly increasing UHM's presence in the non-qualified mortgage (non-QM) market. The financial terms of the transaction were not publicly disclosed. UHM CEO Bill Cosgrove indicated that the acquisition focuses on AmeriTrust's retail lending assets, excluding its servicing portfolio. This strategic move occurs during a challenging period for the mortgage industry, characterized by record-low gross margins and industry overcapacity relative to home sales volume. Cosgrove stated that consolidation within the mortgage sector is expected to continue, and UHM's established strategy positions it favorably in the current market.

AmeriTrust, a California-based multichannel lender, had 92 sponsored loan officers operating across five branches as of Friday, according to the Nationwide Multistate Licensing System (NMLS). Data from the mortgage technology platform RETR indicates that AmeriTrust originated $913 million in mortgages during 2025, with $250 million of that volume coming from its wholesale operations. UHM anticipates integrating approximately 200 AmeriTrust employees, including loan officers, with an estimated 20 to 25 roles being overlapping.

Prior to this acquisition, UHM, based in Ohio, ranked as the 34th-largest mortgage lender in 2025, having originated $11.5 billion in loans, according to Inside Mortgage Finance. The company's business model is balanced between retail and wholesale channels, and it also operates a consumer direct channel that supports its servicing portfolio, which currently stands at $23 billion. UHM's appetite for mergers and acquisitions was previously signaled by the hiring of Renee Hildebrand from Guild Mortgage, suggesting a proactive approach to market expansion and consolidation.