Real estate
fromwww.housingwire.com
2 weeks agoMortgage M&A wave creates more mega-lenders
Bayview Asset Management acquired Guild Mortgage in November 2025 to combine Bayview's servicing scale with Guild's retail origination capabilities.
Founded in 2008 and headquartered in Melville, New York, Reliance is a fully integrated direct-to-consumer mortgage origination platform that has 315 employees, including more than 150 loan officers and sales managers, across six call centers. Reliance originates approximately $1 billion in mortgages each year across government, agency, non-agency/non-QM and second-lien loan products. The company's servicing portfolio of more than 16,000 customers and $3 billion in unpaid principal balance will move onto Carrington's platform once the transaction closes.
Through UHM Platinum, investors will have access to products that include bank-statement loans and debt-service-coverage ratio (DSCR) loans as well as qualified mortgage options such as jumbo and non-owner-occupied loans. UHM said it plans to continue expanding its non-QM product suite in the coming months to meet changing market demand. Union Home has enjoyed significant growth to our non-QM business, CEO Bill Cosgrove said in a statement.