Go Mortgage: Expands Reach with Pacific Residential Merger

Pacific Residential Mortgage has completed its merger with Go Mortgage, unifying two lenders from opposite coasts to bolster their joint operational capacity. The strategic move, which was initially announced in the previous spring, integrates over 100 sponsored mortgage loan originators and 31 branches between the two companies. As part of the merger, Go Mortgage emerges as the surviving entity, with its CEO, Michael Isaacs, highlighting the merger's potential for operational efficiencies through new high-tech solutions such as automated underwriting. While specific details on branch count and workforce weren't disclosed, the merger is expected to yield cost efficiencies and increased lending capabilities. Melissa Stashin and Eric Wiley from Pacific Residential will take up leadership roles within the unified entity. Notably, Go Mortgage, which has a presence in 45 states and Washington D.C., is leading the merger. This deal is significant given the recent slowdown in M&A activities in the lending sector. Financial data indicates that Go Mortgage and Pacific Residential closely matched each other's origination volumes in 2023.