We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or Represent all financial services companies or products. SuperMoney strives to provide a wide array of offers for our users, but our offers do not (including, for example, the order in which they appear). This compensation may impact how and where products appear on this site Sponsored products and services, or your clicking on links posted on this website. The owner of this website may be compensated in exchange for featured placement of certain is an independent, advertising-supported service. This content is not provided by any financial institution. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone,Īnd have not been reviewed, approved or otherwise endorsed by any financial institution. Their use does not signify or suggest the endorsement,Īffiliation, or sponsorship, of or by SuperMoney or them of us. Mutual of Omaha first announced its purchase of Synergy One in May of 2018, and the deal was finalized that July.*SuperMoney is not responsible for third party products, services, sites, recommendations, endorsements, reviews, etc.Īll products, logos, and company names are trademarks™ or registered® trademarks of their respective holders. RFS was first established in 2015 as a subsidiary of Synergy One Lending by Torrey Larsen, who previously served as head of Security One’s retail lending division, and served as company president prior to Security One being acquired by Walter Investment Management Corp. As part of the pending acquisition, the ownership of Synergy One Lending will shift to Mutual of Omaha Insurance Co., according to a company announcement. Last summer, it was announced that Mutual of Omaha Bank will be acquired by Pasadena, Calif.-based CIT Bank in a deal valued at $1 billion, but that merger will not include mortgage arm Synergy One Lending which includes the former RFS. Last November, the Retirement Funding Solutions (RFS) brand name associated with Synergy One’s reverse mortgage lending arm was retired in favor of the Mutual of Omaha Mortgage name. The reverse mortgage business formerly owned by Synergy One is now a subsidiary of the Mutual of Omaha insurance company, and has been folded into the larger organizational structure of Mutual of Omaha Mortgage. “This acquisition enables us to more aggressively pursue our pipeline of opportunities and to continue to evolve our operational and sales platforms in building a fintech-enabled company that aligns our team with the experience our customers demand,” Nemec said. The sale will also allow the company to align the company more closely with a goal of focusing on fintech, according to Nemec. Our confidence in our team and our collective ability to execute couldn’t be higher,” Majerus said. “Aaron and I are sincerely grateful for the opportunity to lead Synergy One into the future. Led by Synergy One CEO Steve Majerus and President Aaron Nemec, company leadership expressed significant optimism for the future of Synergy One in a press release announcing the purchase. San Diego, Calif.-based Synergy One Lending, which formerly included reverse mortgage lender Retirement Funding Solutions (RFS), announced this week the management-led asset purchase (MBO) of the company’s distributed retail channel and the Synergy One brand from Mutual of Omaha Mortgage.
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