Guild Mortgage announced Monday that it is acquiring AmeriPro Home Loans, a move that San Diego-based lender says will make it “one of the largest independent mortgage lenders in Texas.”
AmeriPro Home Loans is based in Austin, Texas, and was founded in 2003. The company has a total of 29 branches in Texas, Oklahoma, Florida, Colorado, California and Utah.
Since 2008, AmeriPro Home Loans has been a subsidiary of Tenura Holdings, an Austin-based investor in realty, title and insurance companies, but now, AmeriPro Home Loans will be part of Guild Mortgage.
According to a release from the company, the AmeriPro Home Loans acquisition is the latest in Guild’s expansion efforts, which have seen the company grow from 75 branches and satellite offices to more than 230 over the last five years.