Mortgage Merger

Lower and Thrive Mortgage will merge in 2024, the companies announced. The deal will result in two brands under one umbrella with more than 650 loan officers and 120 active branches. Looking at the two companies’ combined originations in the last twelve months puts the new union just under the top 50 lenders in the U.S. by origination volume. Thrive CEO Selene Kellam and production head Randell Gillespie will join Lower’s executive team, led by CEO and Co-Founder Dan Snyder. The press release did not clarify the fate of other Thrive execs. “The commitment of Thrive to our team and our customers has always been to deliver the best mortgage experience with the highest quality resources,” said Thrive Mortgage Chairman…