GO Mortgage and PacRes Mortgage announce merger to enhance mortgage lending services
GO Mortgage and PacRes Mortgage have entered into a definitive merger agreement, poised to significantly transform the mortgage lending landscape. The merger, expected to close in the third quarter of 2024, combines over 40 years of industry expertise from two geographically diverse and customer-centric companies.
Details of the Merger Agreement
The newly formed entity will leverage both companies’ strong reputations for providing exceptional service and deep community ties. The merger is not only a strategic alignment of services but also a fusion of technology and resources aimed at operational excellence and innovation in mortgage lending. The combined platform is set to double loan volume, providing a competitive edge in today’s cost-conscious lending environment.
Leadership Structure and Vision for the Future
Post-merger, Michael Isaacs of GO Mortgage will take the helm as CEO, with Matt Stashin, CEO/Founder of PacRes Mortgage, joining the GO Mortgage Board of Directors. Melissa Stashin, President/Founder of PacRes Mortgage, will step into the role of President, while Eric Wiley, Executive Vice President/Founder of PacRes Mortgage, will become Chief Experience Officer. Andrew Panagos of GO Mortgage is set to become the Chief Operating Officer.
Enhancing Customer Experience and Operational Efficiency
“This merger represents a pivotal moment for both companies,” said Melissa Stashin. “It merges two culturally aligned, highly complementary brands enhancing our capacity to serve our clients and employee-partners more effectively.” The merger aims to create a top-tier mortgage lender known for its innovative approach to customer service, competitive rates, and use of advanced technology.
Strategic Impact on the Mortgage Industry
The consolidation underlines a significant trend in the mortgage industry towards enhancing scale and efficiency through strategic mergers. The combined expertise of GO Mortgage and PacRes Mortgage is expected to foster significant value creation for customers, partners, and employees, setting a new standard in the mortgage sector.