AnnieMac establishes mid-Atlantic presence with acquisition

AnnieMac Home Mortgage is investing in a stronger mid-Atlantic US presence with its latest acquisition, mortgage provider OVM Financial.

OVM Financial is headquartered in Virginia Beach, Virginia. It has over 220 employees and offices across Virginia and in North Carolina, Texas, and Florida. All four owners, as well as CEO Adam Newman and other key officers, will take on active leadership roles at AnnieMac.

“OVM is an incredibly talented team, and we are thrilled to be adding them to the AnnieMac platform,” said president Ryan Kube. “In a rising rate environment, growth, scale, and culture are more important than ever. OVM brings that to AnnieMac in spades.”