NFM Lending Expands Market Presence with Homespire Mortgage Acquisition

NFM Lending has expanded its market presence with the acquisition of Homespire Mortgage, a strategic move that underscores ongoing consolidation trends in the mortgage lending sector. NFM, founded in 1998 by David Silverman, has originated approximately seven point fifteen billion dollars in mortgages over the past year, primarily serving Florida, Maryland, and Ohio, according to RETR data.

The company currently employs about four hundred eighty producing loan officers across ninety-six branches. NFM Lending president and COO Bob Tyson emphasized that this transaction allows NFM to broaden its reach and enhance resources, benefiting from Homespire's smaller organizational structure while providing access to advanced products and technology.

Homespire Mortgage, led by president Michael Rappaport, has reported originating around four hundred ninety million dollars over the past year, with over fifty percent of that tied to conventional loans.

The majority of its business is concentrated in Maryland, Virginia, and Florida, which complements NFM's existing operations and enhances their footprint along the East Coast. Greg Sher, managing director at NFM, stated the importance of synergies, highlighting Rappaport's strong reputation and welcoming his leadership into the NFM family.

He noted that part of the value in such acquisitions lies in analyzing and improving processes from the acquired company. Homespire will operate as a division of NFM under the name Homespire Home Loans, retaining its leadership team.

NFM has extended job offers to Homespire’s loan officers, processors, underwriters, and closers, ensuring continuity for the acquired team. As the mortgage industry evolves, Rappaport expressed confidence that this strategic partnership would strengthen their capabilities and enhance client value while remaining true to their identity.

This acquisition illustrates NFM Lending's commitment to growth and adaptability in a competitive mortgage market.