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). In the transaction, Union Home Mortgage acquires both the retail and wholesale channels of SPMC and incorporates all existing SPMC retail branches and wholesale broker relationships to their portfolio. This acquisition, coupled with UHM’s acquisition of Nations Reliable Lending earlier this year, makes UHM one of the 15 largest independent mortgage bankers in the country.
“I’m thrilled to welcome the wonderful mortgage professionals from Sierra Pacific Mortgage to Union Home,” said Bill Cosgrove, CEO of Union Home Mortgage. “As we moved through the acquisition process, it was clear that SPMC is a perfect fit geographically and culturally. I’m hopeful that SPMC employees will feel right at home in our culture of ‘Promises Kept.’”
This deal will expand Union Home Mortgage’s presence in the Western United States, particularly along the West Coast. Union Home Mortgage is well-acquainted with growth; prior to acquiring Nations Reliable Lending in March 2025, Union Home Mortgage also acquired Amerifirst Home Mortgage in December 2022.
“I started Sierra Pacific forty years ago, and have always been dedicated to our brokers and 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 Mortgage.
Sierra Pacific retail branches and wholesale brokers will continue their existing relationships with no impact on their existing loan pipeline, and they will also continue to originate utilizing SPMC’s proprietary ExpressLoan origination system. Sierra Pacific will also continue their servicing operations.
“It’s business as usual for our brokers,” said Jon McCash, Executive Vice President of Third-Party Origination Sales. “We are excited for all the enhancements we have planned.”
Both organizations prioritize company culture, and find common ground in their core values, such as customer experience, accountability, innovation, and timeliness. Sierra Pacific has been named one of the Top 50 Mortgage Companies to work for in America by Mortgage Executive Magazine, as well as a Top Mortgage Lender by the Scotsman Guide. Union Home Mortgage has been named a Top Workplace by USA Today for five years in a row as well as a Northeast Ohio Top Workplace by the Plain Dealer for eleven years in a row.
About Union Home Mortgage
Union Home Mortgage Corp. (UHM) is a high-growth, full-service retail, wholesale, and consumer direct independent mortgage banking company with branches across the U.S. in 48 states + D.C. UHM is an in-house loan servicer offering world-class customer service through high touch communication & technology. A privately held family business, with a collaborative culture that stands out in the mortgage industry, UHM Partners (employees) are guided by a Code of Conduct that emphasizes respect, open communication, and accountability. All these principles translate to industry-leading customer retention and satisfaction. Some honors include being one of USA Today’s Top Workplaces and an Eleven-Year Northeast Ohio Top Workplace.