Two lenders concentrated on opposite coasts have joined forces.
Pacific Residential Mortgage
"Our combined resources and new high-tech solutions — such as automated underwriting, pre-approvals, and disclosures — will drive efficiencies, enhance the customer experience, and support the next phase of our growth," said Michael Isaacs, CEO of Go Mortgage.
The Columbus, Ohio-based Go is the surviving entity in the transaction. The companies didn't disclose information about its branch count or workforce, and suggested in the press release the merger will create cost efficiencies and higher lending volumes.
The lenders didn't return immediate requests for comment Tuesday.
Pacific Residential co-founder and president Melissa Stashin will be president of the united companies and co-founder and executive vice president Eric Wiley will be Go's Chief Growth Officer. Last year's merger announcement said Pacific Residential co-founder and CEO Matt Stashin would join Go's board of directors.
The Portland, Oregon-based lender has 30 sponsored mortgage loan originators and 10 branches across Arizona, California, Nevada, Oregon and Texas, according to the Nationwide Multistate Licensing System.
The larger Go is licensed in 45 states and Washington D.C., and has 92 originators across 21 eastern branches. It offers a traditional suite of loan products, and originated $619 million in mortgage volume in 2023, according to Home Mortgage Disclosure Act Data, compared to Pacific Residential's $615 million that year.
The deal is the first publicly announced merger between lenders this year. Digital lender Lower last week announced the first industry acquisition of 2025, purchasing
The pace of mergers and acquisitions has cooled in recent months and last year was expected to see more transactions than the 13 completed in 2020. While retail operations were sought after during the market's downturn, interest in dealmaking remains,
