Doorway Home Loans and Priority Mortgage Merge for Greater Success

Doorway Home Loans, a California-based mortgage company, has announced a merger with Priority Mortgage, an East Coast-based lender, in a move that aims to create a stronger, more efficient operation. The decision to merge was solidified after assessing the lenders’ financial positions and recognizing the potential for increased success as part of a larger enterprise.

According to Doorway Home Loans CEO, the merger will allow the company to combine production pipelines, improve pricing and service, and enhance overall execution on the sale of loans to aggregators and investors. Additionally, the merger will provide better operational support to East Coast-based loan originators, as Doorway Home Loans expands its reach into 30 states across the US.

With a new hub in Columbus, Ohio, Doorway Home Loans is poised to better serve borrowers and provide more personalized attention to loan officers in different time zones. The merger represents a strategic move to create synergy and improve efficiency within the company, ultimately benefiting both employees and customers alike.