January 26, 2023, Roseville, CA — American Pacific Mortgage (APM) announced today the asset purchase of Lend Smart Mortgage, LLC, based in Shoreview, Minnesota. Lend Smart Mortgage is licensed in 29 states, adding strong production outlets in both Minnesota and Arizona, along with branches in key areas for the company.
Under the APM divisional model, Lend Smart Mortgage will retain its name, leadership, and brand while leveraging all that APM has to offer. This includes a robust suite of specialty mortgage products, industry-leading technology, an unrivaled company culture, and becoming part of a 49% employee-owned company.
“Through our divisional model, APM has experienced exponential growth over the past two years,” said Bill Lowman, CEO of American Pacific Mortgage. “We’ve attracted several well-known and established companies like Lend Smart Mortgage that fit with our core values and want to plug into the APM engine and all we have to offer, without losing their identity. In addition, they provide production outlets in areas where APM is actively growing. We see Lend Smart as the perfect fit with our company culture and look forward to joining forces.”
“We are proud to partner with American Pacific Mortgage to become what we believe to be the very best mortgage offering in the country,” added Scott Flaherty, CEO of Lend Smart Mortgage. “Our success and growth over the years has been built on our culture and the ability to provide our Originators with unmatched service and support. Through the partnership with APM, Lend Smart retains that culture, along with our name and the majority of our staff, but can immediately add a suite of unmatched products, improved pricing, industry expertise, and market presence. We look forward to this market and the opportunities it presents by teaming with one of the country’s most dynamic lenders in American Pacific Mortgage.”
APM is honored to welcome the Lend Smart Mortgage team of mortgage professionals to the family. APM has strategically expanded its footprint across the U.S. through acquisitions and other large production onboardings, while passionately supporting the growth of its existing network of branches. Independent mortgage bankers seeking a similar divisional opportunity can contact Lowman for more information.
About American Pacific Mortgage
American Pacific Mortgage (APM) was founded in 1996 and is a national retail mortgage lender best known for Creating Experiences That Matter™ for our people and our customers. Headquartered in Roseville, California, APM is ranked as a top mortgage lender in the U.S. and continues to win multiple awards annually including Top Mortgage Lender, Most Loved Employer and Top Places to Work. The company is licensed in 49 states, employs more than 3,600 people and has over 300 branches across the U.S., many of which operate under their own local DBA name. APM’s rallying cry is to be 100% focused on our originators and branch managers, because when they look good, our customers reap the benefits. Their charitable entity, APMCares, is entirely funded and run by employees and supports a diverse array of organizations throughout the country with funds and volunteer hours, as well as assistance for employees who are struggling due to a medical, financial or bereavement hardship. For more information about APM, visit www.APMortgage.com.
Melissa Wright, Chief Sales & Marketing Officer
Bill Lowman, CEO