To our valued clients, future clients and business partners of AmeriHome Mortgage
As we announced in mid-February, Western Alliance Bank entered into a definitive agreement to purchase AmeriHome Mortgage Company. We are excited to announce that as of today, AmeriHome Mortgage is officially a subsidiary of Western Alliance Bank.
You may be wondering what this means for our valued clients, future clients and the many valued business partners of AmeriHome Mortgage.
Western Alliance Bank, one of the country’s top-performing commercial banks with more than $36 billion in assets, gives AmeriHome Mortgage access to significant capital and a faster pathway to growth for Delegated and Non-Delegated Correspondent channels.
We are confident this combination will be both seamless and highly beneficial for our clients. Our value proposition to you is not changing, only strengthening. We will continue to offer consistently competitive pricing, industry leading service and support, and a full and growing slate of products—all with our unwavering commitment to be relationship-focused in everything we do.
Ken Vecchione, President and Chief Executive Officer of Western Alliance Bank commented, “It’s remarkable how much our two client-focused company cultures have in common. At Western Alliance Bank, we call our culture “People, Performance, Possibilities” and we celebrate our core values of Integrity, Creativity, Teamwork, Passion and Excellence. From everything I see, AmeriHome Mortgage shares these values and bring them to life every day. Like AmeriHome, Western Alliance Bank is nimble and entrepreneurial, and we are always geared to solving problems for our clients and working to move our business forward. While we have been a part of the mortgage sector since 2009, it’s wonderful to add the significant capabilities and success of AmeriHome to our company.”
We will continue to operate under our current name as AmeriHome Mortgage, a Western Alliance Bank company. In addition, we will retain our current business model, leadership team and all of our people and locations, ensuring continuity for our clients.
This transaction provides a strong fit with AmeriHome’s Correspondent B2B model. Western Alliance Bank provides warehouse financing and MSR financing to the mortgage industry, and has no direct-to-consumer or retail mortgage operation.
As noted previously, we remain committed to the growth of both our Delegated and Non-Delegated Correspondent channels and anticipate record growth for both businesses in 2021.
AmeriHome Mortgage will continue to offer its broad product menu of both GSE and Government Agency loan products with minimal credit overlays. We also look forward to introducing new Non-Agency and Jumbo portfolio products as well as expanding the value of Western Alliance Bank’s warehouse lending capabilities for our clients.
Rest assured, we remain absolutely focused on our work and our relationship with you. If there are any significant developments in the future, we will communicate them to you directly.
Thanks for your time,
Chief Operating Officer and Managing Director