Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee





Posted January 19, 2021

NASHVILLE, Tenn., Jan. 14, 2021 /PRNewswire/ -- First Community Mortgage (FCM), announces that it will acquire a Mortgage Boutique (AMB) in a transaction it hopes to close within the next month, pending regulatory approval. Both privately held mortgage organizations are headquartered in Murfreesboro.

"We are excited to partner with the team at AMB," says Keith Canter, CEO of First Community Mortgage, and one of the 18-year-old organization's founders. "There is strong alignment between our two organizations, particularly in the value we place on people – employees, clients, and business partners – and the communities we serve. These strong FCM-AMB synergies will especially enhance our ability to serve additional clients."

Canter notes that, upon completion and regulatory approval of the acquisition, FCM's Wholesale Division will rebrand as a Mortgage Boutique. In addition to an enhanced local presence, Canter says adding AMB's people and processes to FCM will strengthen the organization across the 46 states in which it originates mortgages.

"We are pleased to join with our friends at First Community Mortgage," says Retta Gardner, Co-Founder of AMB, who will become Executive Vice President of the a Mortgage Boutique Division at FCM, "knowing our combined organizations are truly better together. This merger will enable us to continue to serve our clients, while also enhancing the service experience by leveraging a deeper set of resources. As we begin working together, we'll focus the strengths of our remarkable alignment on continued growth and leadership in the mortgage industry."

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