Atlantic Coast Mortgage Acquires The Assets Of Tidewater Mortgage Services
Atlantic Coast Mortgage, LLC (“ACM”), an independent mortgage lender licensed in 40 states, announced its acquisition of Tidewater Mortgage Services, Inc. (“TMS”), a Coastal Virginia based mortgage lender serving the Mid‑Atlantic and Southeast. The transaction will combine ACM’s innovative, client-focused lending model and broad product suite with TMS’s strong reputation for excellent customer service and community engagement.
“This acquisition represents an important step in ACM’s mission to empower people to build brighter futures through homeownership,” said Jon Coy, President and co‑founder of ACM. “Tidewater’s deep roots and outstanding reputation across the Mid‑Atlantic align perfectly with our vision and values. Together, we will deliver an exceptional mortgage experience on a larger scale while continuing to give back to the communities we serve.”
Rob Runnells, President of Tidewater Mortgage Services, commented, “Tidewater has grown significantly over the past 25 years. Joining ACM allows us to expand our reach and product offerings while preserving our culture. Our clients will benefit from ACM’s advanced technology platform and national resources, and I think our employees will appreciate the new opportunities for growth.”
The acquisition aligns both companies’ long-term goals and reinforces their shared commitment to delivering an exceptional client experience, while fostering a strong workplace culture.
The acquisition aligns with ACM’s growth strategy to expand its footprint while maintaining its commitment to a streamlined, technology-driven, client‑focused lending experience. It provides the TMS team with the scale and resources to accelerate growth and adopt advanced technologies. The acquisition of TMS will enhance ACM’s ability to serve first‑time homebuyers, veterans and repeat homeowners, and offer personalized guidance and competitive loan options.
The Place for Lending Visionaries and Thought Leaders. We take you beyond the latest news and trends to help you grow your lending business.
