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Article: The new North American. (Dime Mortgage Co and North American Mortagage Co merger)
- Article from:
- Mortgage Banking
- Article date:
- March 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 Mortgage Bankers Association of America. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Dime's purchase of the independent North American Mortgage has created an origination powerhouse. Spanning all regions of the country, the new company boasts portfolio and mortgage banking strength and experienced mortgage industry management.
It was a classic bicoastal marriage. The union of the former Dime Mortgage, Inc., of Tampa, Florida, and the formerly independent North American Mortgage Company of Santa Rosa, California joins two companies situated on opposite coasts. When a couple separated by a continent marries, the pressure of competing careers may do the marriage in. When companies tie the knot, clashing management styles may lead to an exodus of talent ...