“OVM is an incredibly talented team, and we are thrilled to be adding them to the AnnieMac platform,” said President Ryan Kube. “In a rising rate environment, growth, scale and culture are more important than ever. OVM brings that to AnnieMac in spades.”
OVM Financial is a $1.7 billion purchase-focused mortgage originator with more than 220 employees and offices in Virginia, North Carolina, Texas and Florida.
As part of the acquisition agreement, all four OVM owners as well as CEO Adam Newman, VP of Sales Brian Hill, and others will take on active leadership roles at AnnieMac.
“We’re excited to partner with AnnieMac to continue providing exceptional service to our customers and referral partners,” said OVM Financial owner Matt Beckwith. “AnnieMac provides growth opportunities to our employees, and we share the excitement for what our two organizations can do together.”