Generation Mortgage Company announced that they have acquired Amston Mortgage Company. AMC is headquartered in Moodus, CT and is the 14th largest reverse mortgage provider in the US. “Amston’s customer service-oriented culture fits perfectly with that of Generation,” said Joe Morris, President of Generation Mortgage Company. “Our shared commitment to our customers combined with the depth of experience that Todd Walters and his team brings makes me especially excited about this expansion, both in terms of the group’s experience and market presence.”
The purchase of AMC puts Generation Mortgage Company into the top-10 retail lenders of HECMs in the country. J. Todd Walters, President of Amston Mortgage Company, added, “We are excited to become a part of the Generation family, particularly due to our common philosophy. Throughout our long careers, both Joe and I have aimed to provide seniors with a secure means to capitalize on their home’s equity while offering them the highest level of customer service.” Currently Amston is licensed in 15 states and is expected to add several additional states by year’s end. To read a copy of the press release click the link below.
Generation Mortgage Company Acquires Amston Mortgage Company, Strengthening Nationwide Reverse Mortgage Network (Forbes)
Technorati tags: Reverse Mortgage, HECM, Reverse Mortgage Lenders, Jumbo Reverse Mortgage, HUD, FHA