AMC, Meridian combine to create secondary market powerhouse

Tie-up enhances AMC’s capabilities as a one-stop shop

AMC, Meridian combine to create secondary market powerhouse

American Mortgage Consultants (AMC) has acquired Meridian Asset Services to add new weight to its services for the residential secondary mortgage market.

Tampa-headquartered Meridian - which provides collateral, curative, servicer oversight, title QC, property valuations, and REO management services to participants throughout the residential mortgage market - will operate as a subsidiary of AMC.

“This transaction further highlights AMC’s commitment to being the foremost one-stop-shop for mortgage due diligence, consulting, advisory services and technology,” said AMC CEO Michael Franco. “We are excited to significantly enhance our service offerings through Meridian, a firm known for their quality and expertise. We expect this transaction to streamline operations for existing AMC and Meridian clients by centralizing activities, increasing transparency, and reducing cycle time.”

Meridian’s Karen Riffe is joining AMC as president, Meridian Asset Services, and Brian Hansen joins as director, strategic relationships & initiatives.

They will continue to lead Meridian’s approximately 250 full-time employees as part of AMC.

“AMC’s commitment to the secondary market space and focus on continued investment in Meridian’s capabilities and offerings will create unique and differentiated services,” said Riffe. “We are excited to join AMC and look forward to working with AMC’s existing management team.”