Encompass Lending Group, a subsidiary of real estate services firm Fathom Holdings, has announced its acquisition of Cornerstone First Financial, a residential mortgage lender based in Washington, DC.
While the financial terms of the deal were not disclosed, Encompass president Sean Varin said that the acquisition “enhances” the company’s lending platform and adds to its already growing footprint. Cornerstone currently operates in eight states, including California, Colorado, Florida, Georgia, Maryland, Pennsylvania, Virginia, and Washington, D.C.
“We are excited to expand the Cornerstone First Financial model beyond being ‘the voice’ of mortgage lending in Washington, D.C. to being the voice of mortgage lending in the United States,” Varin said.