Union Home Mortgage Acquires Sierra Pacific Origination Assets

September 17, 2025 – Union Home Mortgage (UHM), a high-growth independent mortgage banking company with a world-class culture, announced today its acquisition of the origination assets of Sierra Pacific Mortgage Corporation (SPMC). The acquisition, UHM’s second this year, makes UHM one of the 15 largest Independent Mortgage Bankers in the country with over $15B in annual originations. The acquisition includes both the Retail and Wholesale channels of SPMC, and adds all the existing retail branches and wholesale broker relationships to UHM.

“When we look to acquire, we want a deal that makes sense to us, but also is good for employees and customers, and SPMC is a perfect fit geographically and culturally” said Bill Cosgrove, CEO of Union Home Mortgage. “Our company lives by the mantra of “Promises Kept,” and we promise that this is a good deal for the employees and customers of SPMC and UHM.”

Sierra Pacific Retail branches and Wholesale Brokers will continue their existing relationships, with no impact to existing loan pipeline, and will continue to originate on Sierra’s existing proprietary ExpressLoan origination system.

“I started Sierra Pacific 40 years ago, and have always been dedicated to our brokers and our retail branches, and have made big investments in people and technology – I am delighted that legacy lives on with Bill and UHM” said Jim Coffrini, founder and CEO of Sierra Pacific

“It’s business as usual for our brokers, and we are excited for all the enhancements we have planned” said Jon McCash, head of the wholesale division for Sierra Pacific.

Union Home is an example of a well-balanced IMB having over $25B in servicing and originations of over $15B a year through growing Retail, Wholesale and CD channels. These deals follow other large IMB deals from Rocket and Bayview/Guild earlier this year.

STRATMOR Group was the exclusive advisor to Union Home Mortgage to facilitate the transaction.

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