Madison, Wisconsin-based Fairway Independent Mortgage Corp. announced its acquisition of Hallmark Home Mortgage.
The acquired company will become Hallmark Home Mortgage, Powered by Fairway, and will be a new division of Fairway. Fairway CEO and founder Steve Jacobson will remain CEO of Fairway while Hallmark CEO and founder Deborah Sturges will join Fairway with the title of president of Hallmark Home Mortgage. The financial terms of the deal were not disclosed.
“Deborah and I worked together at Waterfield decades ago and have remained industry acquaintances ever since,” said Jacobson, whose company is licensed in all 50 states. “Our shared values, and our trust in each other make this partnership a natural fit. Our shared vision will make us even stronger together.”
“This strategic decision brings Fairway’s expanded product portfolio, enhanced technology, and deep support resources into Hallmark’s orbit,” said Sturges, whose company is licensed to do business in 20 states. “To reconnect with my former colleague Steve Jacobson is truly exciting. This partnership puts both companies in the best position to grow, innovate, and lead.”
