HOUSTON--(BUSINESS WIRE)--InterLinc Mortgage Services, LLC today announced the acquisition of HomeTown Mortgage Services, Inc. resulting in a combined annual production of $700,000,000, 228 employees, a stronger presence in the state of Alabama and the future addition of Georgia to the 13 states InterLinc currently serves.
“Alignment with 'game breakers' has always been the key to our growth,” says Jim Van Steenhouse, CEO of InterLinc. “We have long considered Alabama a strong potential market for us, and there was no question that HomeTown was just the game breaker we were looking for. HomeTown’s Doug Rohm is highly regarded in the marketplace, with boundless energy and vision, and his partner, Ron Danielczyk, has the innate ability to put metrics around Doug’s skills. Together, they have the perfect recipe for success.”
Ranked 7th largest lender by the Birmingham Business Journal, HomeTown grew from $112 million to $300 million in 2012. HomeTown employees’ average tenure of ten-plus years proves an “overwhelming similarity” between the two companies’ work culture and environments; this acquisition was a natural fit for InterLinc.
“We are very excited about the opportunities this brings us,” says HomeTown’s President and CEO, Doug Rohm. “Together with InterLinc, we will be well positioned to capitalize future growth within the Southeast footprint. Our team of professionals are the perfect fit to join the InterLinc platform and we will be bringing an array of new products and services to the communities we serve.”
CFO, Ron Danielczyk adds, “InterLinc is known in the industry for their outstanding personalized service, offering the highest quality home loans combined with the lowest mortgage rates available, to customers buying or refinancing homes and their collaborative family atmosphere and shared values are in direct alignment with ours – InterLinc is certainly the team we wanted to align with.”
InterLinc’s growth plan continues to be achieved through careful expansion of its employee loan originators and retail branch locations, primarily in the Southern U.S. The company’s projected 15% year-over-year increase in production may seem ambitious in light of predictions that 2014 will be a down year for the mortgage industry, but InterLinc’s annualized growth of 33% since 2011 bodes well for achieving and surpassing these very conservative goals.
“I have no doubt that our combined efforts will provide an unparalleled opportunity for growth as we maintain our focus, attack our goals with precision and metrics and put our people in the best position to succeed,” says Van Steenhouse. “At InterLinc, we know that our success depends on our team members. We’re the very best fit for mortgage professionals who want to provide the hands-on, personal attention that home-buying clients deserve in making the single largest investment decision of their lives. The bottom line is this − buying a home is a big deal and we understand that different needs require customized solutions. That’s why we give our people all the tools and support they need to deliver loans on time and as agreed.”
InterLinc Mortgage Services, LLC is a full-service mortgage banking firm with HUD, VA and USDA approval, as well as an approved seller servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Known for outstanding personalized service and collaborative family atmosphere of shared values and exceptional quality, InterLinc is licensed in Alabama, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Missouri, New Mexico, Ohio, Oklahoma, Tennessee, and Texas. www.interlincmortgage.com, NMLS ID 205696.
