Upon completion of the deal, Synergy One will operate as a wholly-owned subsidiary of Mutual of Omaha Bank and continue to be based in San Diego. “We are excited by the potential this acquisition offers both companies to expand and serve more customers in the mortgage and reverse mortgage markets.” We are a strong cultural fit – with both of us committed to collaboration, accountability and customer-focus – and our businesses are extremely complementary,” Mutual of Omaha Bank Chairman and CEO Jeff Schmid said. “Synergy One is an impressive company with a very talented team and dynamic management. One important piece of the deal for Mutual of Omaha: acquiring Synergy One will allow the company to expand into reverse mortgage lending. Synergy One is licensed in 45 states and offers a variety of home financing products and services, including mortgages and reverse mortgages, through a network of loan officers, mortgage brokers, and direct sales channels. Mutual of Omaha Bank, the banking arm of insurance giant Mutual of Omaha, is expanding its mortgage platform by acquiring Synergy One Lending, a mortgage lender based in California.
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