## Amerisave Mortgage: Ownership and Business Overview
Amerisave Mortgage is a leading mortgage lending company in the United States. Headquartered in Calabasas, California, Amerisave offers a wide range of mortgage products and services to meet the needs of homebuyers and homeowners.
### Ownership Structure
Amerisave Mortgage is a private company, meaning that it is not publicly traded on a stock exchange. The company is owned by a group of investors, including:
– **The Gores Group:** A global investment firm founded by Alec Gores.
– **Elevate Credit, Inc.:** A publicly traded financial services company.
– **Ares Management Corporation:** A global alternative investment manager.
### Business Overview
Amerisave Mortgage is a full-service mortgage lender that offers a comprehensive suite of mortgage products and services, including:
– **Purchase loans:** Mortgages for homebuyers who are purchasing a new home.
– **Refinance loans:** Mortgages for homeowners who are looking to lower their interest rate or change their loan terms.
– **Home equity loans:** Loans that allow homeowners to borrow against the equity in their home.
– **Reverse mortgages:** Loans for seniors aged 62 and older that allow them to access the equity in their home without making monthly payments.
Amerisave Mortgage is licensed to operate in all 50 states and the District of Columbia. The company has a network of over 2,000 loan officers and a team of experienced underwriters.
### Key Services
Amerisave Mortgage offers a number of key services to its customers, including:
– **Online application:** Customers can apply for a mortgage online at Amerisave’s website.
– **Pre-approval:** Customers can get pre-approved for a mortgage before they start shopping for a home.
– **Lock-in protection:** Customers can lock in their interest rate for up to 90 days, protecting them from rising rates.
– **Escrow services:** Amerisave can handle the escrow process for customers, ensuring that all closing costs are paid on time.
– **Customer support:** Amerisave’s team of customer service representatives is available to assist customers with any questions or concerns.
### Financial Performance
Amerisave Mortgage is a profitable company with a strong financial performance. In 2022, the company generated over $5 billion in revenue and had a net income of over $1 billion.
### Market Share
Amerisave Mortgage is one of the largest mortgage lenders in the United States. The company has a market share of approximately 2% of the overall mortgage market.
### Industry Recognition
Amerisave Mortgage has been recognized for its excellence in the mortgage industry. The company has been named a Top Mortgage Lender by Forbes and U.S. News & World Report.
## Amerisave Mortgage: Leadership Team
The Amerisave Mortgage leadership team is composed of experienced industry professionals. The team includes:
– **Michael Paulus, President:** Mr. Paulus has over 30 years of experience in the mortgage industry. He has held executive positions at several other mortgage companies, including Quicken Loans and Bank of America.
– **Ivan Cantu, Chief Financial Officer:** Mr. Cantu has over 20 years of experience in finance and accounting. He has held senior positions at several other companies, including Merrill Lynch and Morgan Stanley.
– **Doug Wood, Chief Operating Officer:** Mr. Wood has over 25 years of experience in the mortgage industry. He has held executive positions at several other mortgage companies, including Home Point Financial and Caliber Home Loans.
## Amerisave Mortgage: Community Involvement
Amerisave Mortgage is committed to giving back to the communities it serves. The company supports a number of charitable organizations, including:
– **Habitat for Humanity:** Amerisave is a national partner of Habitat for Humanity, and employees regularly volunteer their time to help build homes for low-income families.
– **The American Red Cross:** Amerisave supports the American Red Cross through financial donations and volunteerism.
– **The United Way:** Amerisave supports the United Way through payroll deductions and employee matching programs.
## Conclusion
Amerisave Mortgage is a leading mortgage lender in the United States. The company offers a wide range of mortgage products and services to meet the needs of homebuyers and homeowners. Amerisave is a privately owned company with a strong financial performance and a commitment to giving back to the communities it serves.