The combined company’s officers and employees will continue to provide a national footprint as Go Mortgage, employing retail branch managers and loan originators.
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In a move aimed at improving cost efficiencies and realizing economies of scale, Pacific Northwest regional lender Packless Mortgage will merge with Go Mortgage, the companies announced Tuesday.
The Go Mortgage and PacRes brands will be discontinued, but the combined company’s officers and employees will continue to have a national presence.
Michael Isaacs
“PacRes’ strong base in the Pacific Northwest and strong presence in the Midwest and East Coast allows us to serve customers across the United States,” Go Mortgage CEO Michael Isaacs said in a statement. “We are uniquely positioned to provide that service.” “The combination of our resources and new high-tech solutions, including automated underwriting, pre-approval and disclosure, will increase efficiency, improve the customer experience and support the next phase of our growth.”
Founded in 2004, PacRes is the trading name of Pacific Residential Mortgage LLC, based in Beaverton, Oregon. According to records kept by the National Multistate Licensing System (NMLS), PacRes sponsors 30 mortgage originators working in 10 branches in Arizona, California, Nevada, Oregon and Texas.
Go Mortgage LLC, based in Columbus, Ohio, sponsors 92 mortgage originators working in 21 branches in 14 states, according to NMLS records.
Go Mortgage is currently hiring for Retail Branch Manager and Loan Originator, Direct to Consumer Loan Originator, and Business Development Manager positions.
Eric Wiley
Melissa Stashin, president of PacRes, will retain her position in the combined company, and Eric Wiley, founder and executive vice president of PacRes, will serve as Go Mortgage’s chief growth officer.
Dave Swecker
Dave Swecker, PacRes’ chief financial officer, will assume the role in the combined company.
melissa stashin
“By joining forces, we will combine our complementary strengths and create a platform that can scale nationally while maintaining the personal, relationship-based service that our customers and partners value,” Stasin said in a statement. We’re building,” he said.
Go Mortgage CEO Michael Isaacs will continue in his role following the merger, and Go Mortgage President Andrew Panagos will become chief operating officer.
Go Mortgage executives Casey Delinsky and Lindsy Gwozdz will continue in their current roles, with Delinsky overseeing capital markets and Gwozdz responsible for compliance.
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