AnnieMac Home Mortgage Acquires OVM Financial, Expands Mortgage Presence in Mid-Atlantic USRead Now
NEW JERSEY, June 29, 2022 – AnnieMac Home Mortgage is acquiring Virginia-based mortgage provider OVM Financial to expand its presence in the mid-Atlantic US.
“We are thrilled to be adding the talent, presence, and capabilities of the OVM team to our organization,” said AnnieMac CEO Joe Panebianco. “As we move into a rising interest rate environment, we are continuing our focus on growth and scale.”
OVM Financial is a $2 billion+ mortgage originator with over 250 employees, headquartered in Virginia Beach, Virginia with offices across Virginia and in North Carolina, Texas, Florida, and New Jersey. All four co-founders as well as CEO Adam Newman will take on active leadership roles at AnnieMac.
“We’re excited to partner with AnnieMac to continue providing exceptional service to our customers and growth opportunities to our employees. We share the excitement for what our two organizations can do together,” said OVM Financial co-founder Matt Beckwith.
About AnnieMac Home Mortgage
AnnieMac Home Mortgage is a leading nationwide mortgage lender that firmly believes homeowners and home shoppers deserve more from the mortgage industry. With over 1000 employees and 60+ branch locations in the United States, we are uniquely qualified to provide more to mortgage customers across the country. AnnieMac Home Mortgage is headquartered in Mount Laurel, N.J., and is a d/b/a of American Neighborhood Mortgage Acceptance Company, LLC.
AnnieMac was advised on the transaction by Sterling Point Advisors, an M&A advisory firm based in Richmond, Virginia, with legal counsel provided by Johnston Thomas PC and Morritt Hock LLP.
For comment, inquiries can be directed to Ryan Kube.
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