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Amerihome Mortgage Company, Llc

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AmeriHome Mortgage Company, LLC



Overview


AmeriHome Mortgage Company, LLC is a prominent player in the mortgage industry, operating as a privately-held, multi-channel mortgage investor, direct-to-consumer lender, and servicer. Based in Westlake, California, it is a subsidiary of Western Alliance Bank and holds licenses in 48 states. Established in November 2013 by seasoned mortgage professionals, AmeriHome focuses on offering personalized mortgage solutions with a customer-centric approach.

Business Operations


AmeriHome serves as a Correspondent Investor, primarily acquiring closed loans from its clients, which include independent mortgage bankers as well as community and regional banks. It ranks as the second-largest Correspondent Investor in the U.S. The company's operations involve multi-channel production, including direct-to-consumer lending and servicing, with operational branches in locations such as Irvine, CA.

Performance and Financials


Reaching a significant milestone, AmeriHome purchased over $43.0 billion in mortgage loans in 2019 and managed a portfolio of $99 billion in originations by 2020. The acquisition by Western Alliance Bank, valued at approximately $1 billion, included a cash transaction of $275 million in addition to adjusted tangible book value, underscoring the company’s solid financial standing.

Leadership and Key Personnel


The executive leadership team comprises:
  • Josh Adler: President & Chief Executive Officer, one of the founding members.

  • Garrett Galati: Managing Director & Chief Financial Officer.

  • Dan Blanding, CFA: Managing Director & Chief Investment Officer.

  • Anthony Ho: Managing Director & Chief Credit Officer.

  • Greg McElroy, CMB: Managing Director & Chief Operations Officer.


Customer Service and Accolades


AmeriHome is celebrated for its exceptional customer service, maintaining transparency in loan pricing and offering notable benefits such as no pre-payment penalties. Their commitment to professionalism and data security is evident in the positive client testimonials and robust cybersecurity measures.

Awards and Recognition


The company's consistent recognition within the mortgage industry is a testament to the efforts and dedication of its team, aimed at delivering top-tier services.

Additional Information




  • Contact Information: Phone: 888.469.0810, Thousand Oaks, CA 91362-3888

  • Operating Hours: Monday-Friday, 8am-5pm Pacific Time


Strategic Insights


AmeriHome’s acquisition by Western Alliance Bank is pivotal in reinforcing its financial strength and expanding its market presence. By offering reliable financing solutions and maintaining a customer-first philosophy, AmeriHome remains a formidable player in the mortgage lending landscape.

Competitors of AmeriHome Mortgage Company, LLC



Key Competitors



1. Guaranteed Rate, Inc.
  • Headquarters: Chicago, IL

  • Focuses on home purchase and refinancing services.

  • Offers innovative technology-driven products such as Same Day Mortgage™ and PowerVP™ app.

  • Noteworthy growth with $35 billion in funded loans in 2023.


2. PennyMac Financial Services
  • Headquarters: Westlake Village, CA

  • Known for substantial loan production and servicing capabilities.

  • Maintains a solid market position as a top mortgage servicer and aggregator.


3. Caliber Home Loans, Inc.
  • Headquarters: Coppell, TX

  • Part of the Newrez family, providing diverse home loans and refinancing options.

  • Strong focus on efficiency through online platforms.


4. Bay Equity Home Loans
  • Headquarters: Corte Madera, CA

  • Full-service mortgage lender with a strong presence in 48 states.

  • Prioritizes personal relationships and comprehensive customer care.


5. Cherry Creek Mortgage, LLC
  • Now operates as a division within Guild Mortgage Company.

  • Offers an extensive range of loan products including FHA and VA loans.


Financial Overview


AmeriHome's annual revenue stands at approximately $300 million, with a workforce of 864 employees. In contrast, a notable competitor such as Ruoff Mortgage reports an annual revenue of $391 million.

Strategic Insights


For AmeriHome Mortgage Company, understanding competitive dynamics is crucial for identifying strategies and potential opportunities. Emphasizing technological advancements and strong customer relationship management is essential for maintaining a competitive advantage. By observing competitor strategies in areas like digital transformation and customer engagement, AmeriHome can sustain its market position against evolving industry practices.