Synergy One President and CEO Torrey Larsen added that Mutual of Omaha Bank is a “respected, trusted brand” that adds a “significant base of capital” to its operation. “We already have a banking presence in San Diego, so it makes perfect sense for Synergy One’s headquarters and team to remain and expand there,” Schmid said.Īs for what Synergy One has to gain from selling to Mutual of Omaha, the companies say that deal will help both companies grow.Īccording to Schmid, Synergy One will “benefit from Mutual of Omaha Bank’s financial strength, strong brand and national presence, while the acquisition brings a comprehensive product portfolio, dynamic distributions and robust mortgage back office operations to the Bank.”
Upon completion of the deal, Synergy One will operate as a wholly-owned subsidiary of Mutual of Omaha Bank and continue to be based in San Diego. “We are excited by the potential this acquisition offers both companies to expand and serve more customers in the mortgage and reverse mortgage markets.” We are a strong cultural fit – with both of us committed to collaboration, accountability and customer-focus – and our businesses are extremely complementary,” Mutual of Omaha Bank Chairman and CEO Jeff Schmid said. “Synergy One is an impressive company with a very talented team and dynamic management. One important piece of the deal for Mutual of Omaha: acquiring Synergy One will allow the company to expand into reverse mortgage lending. Synergy One is licensed in 45 states and offers a variety of home financing products and services, including mortgages and reverse mortgages, through a network of loan officers, mortgage brokers, and direct sales channels. It does not store any personal data.Mutual of Omaha Bank, the banking arm of insurance giant Mutual of Omaha, is expanding its mortgage platform by acquiring Synergy One Lending, a mortgage lender based in California. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly.
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