Go Mortgage expands with PacRes merger

Reach now covers Midwest, East Coast, and Pacific Northwest

Go Mortgage expands with PacRes merger

Two mortgage providers, Go Mortgage and Pacific Residential Mortgage (PacRes), have announced a merger that will expand their combined operations and market reach across the United States.

With Go Mortgage maintaining its headquarters in Columbus, Ohio, the merger broadens its footprint from the Midwest and East Coast into the Pacific Northwest, leveraging the strengths of both companies.

The combination aims to enhance borrower services, optimize operational efficiency, and introduce advanced technology such as automated underwriting and pre-approvals.

According to Go Mortgage CEO Michael Isaacs, the merger is an important step towards building a more innovative mortgage company, emphasizing the synergy between Go Mortgage's established presence and PacRes' regional expertise.

"With PacRes' strong foundation in the Pacific Northwest and our well-established presence in the Midwest and East Coast, we are uniquely positioned to serve customers across the country," he said.

Isaacs noted that combining their resources and technologies positions the company to serve customers nationwide more effectively.

The leadership team for the merged entity includes Isaacs as CEO, Melissa Stashin as president, Andrew Panagos as COO, Eric Wiley as chief growth officer, Casey Delinsky as senior vice president of capital markets, Dave Swecker as CFO, and Lindsy Gwozdz as senior vice president of compliance and general counsel.

Stashin, who was previously the president of PacRes, emphasized the importance of maintaining personalized, relationship-driven service while scaling operations.

"Together, we're not just merging companies; we're building a vision for the future of mortgage lending," she said.

The unified company expects to benefit from economies of scale, enabling competitive pricing and expanded product offerings.

What do you think about this merger and its potential implications for borrowers and the industry? Share your thoughts in the comments below.