Fathom Holdings Inc. is beefing up its lending solutions with a recent acquisition. Fathom subsidiary Encompass Lending Group acquired Washington, D.C.-based Cornerstone First Financial, a residential mortgage lender.
Cornerstone First Financial operates in California, Colorado, Florida, Georgia, Maryland, Pennsylvania, Virginia, and Washington, D.C.
In an interview with RealTrends in September, Josh Harley CEO and founder of Fathom, noted that they would be ramping up technology and core services offerings. “How do I be more profitable per transaction? The way to do that is through mortgage. That’s obvious, right? By adding a mortgage company or a joint venture allows you to generate more profitability on every transaction, title, insurance. I think you’ll see a lot more acquisitions from Fathom.”
“I look forward to fulfilling new lead generation strategies that benefit each of our mortgage, real estate, title and insurance businesses, and as we integrate mortgage lending deeper into our technology platform, we believe we can take this opportunity to an even greater level,” said Harley in a media statement.
“When we acquired Encompass Lending in April 2021, I stated that I believed the acquisition could help us attract additional successful mortgage teams and smaller lending operations to our company.”
