Opteum Financial Services Acquires Florida-based Aclarian Mortgage
12 Luglio 2006 - 11:08PM
Business Wire
Opteum Financial Services, LLC, one of the nation's fastest growing
mortgage lenders and a wholly-owned subsidiary of Opteum Inc.
(NYSE:OPX), announced today that it has acquired the assets of
privately-held Aclarian Mortgage. Aclarian is a retail mortgage
lender headquartered in Sarasota, Fla. Terms of the deal were not
disclosed. This acquisition strengthens Opteum's existing position
along Florida's high-growth west coast market. Aclarian founder and
CEO Robert DeCecco will continue to lead his team of 30+
professionals while assuming the new role of vice president,
Florida regional manager, for Opteum. "This latest strategic
acquisition anchors Opteum as a top retail lender in Florida and
extends our growing footprint across the Southeast region," said
Greg Shumate, Opteum's senior vice president and southeast regional
manager. "Aclarian was an ideal match for Opteum because of its
impressive record of growth and its dedication to cutting-edge
origination technology, which enables superior customer service.
These are our shared core principles, and we're pleased to welcome
the Aclarian team, their customers and referral partners to the
Opteum family." DeCecco commented, "In addition to our shared
values of trust, stability and vision, both Opteum and Aclarian
have been focused on delivering a Five-Star Experience to our
clients and partners by leveraging the best people, process and
technology this industry has to offer. Having led this company for
the past three years and personally assembled one of the best teams
in the business, I can honestly say that Opteum was a perfect
choice to acquire Aclarian. Together, we will be a much stronger
competitor throughout Florida." Opteum will now have a total of
five branches in Florida, including two in Sarasota. Nationwide,
Opteum operates 37 branches. About Opteum Opteum Inc. is a real
estate investment trust (REIT), which operates an integrated
mortgage-related investment portfolio and mortgage origination
platform. The REIT invests primarily in, but is not limited to,
residential mortgage-related securities issued by the Federal
National Mortgage Association (Fannie Mae), the Federal Home Loan
Mortgage Corporation (Freddie Mac) and the Government National
Mortgage Association (Ginnie Mae). It earns returns on the spread
between the yield on its assets and its costs, including the
interest expense on the funds it borrows. Opteum's mortgage
origination platform, Opteum Financial Services, originates, buys,
sells, and services residential mortgages from 37 offices
throughout the United States and operates as a taxable REIT
subsidiary. Statements herein relating to matters that are not
historical facts are forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. The reader is
cautioned that such forward-looking statements are based on
information available at the time and on management's good faith
belief with respect to future events, and are subject to risks and
uncertainties that could cause actual performance or results to
differ materially from those expressed in such forward-looking
statements. Important factors that could cause such differences are
described in Opteum Inc.'s filings with the Securities and Exchange
Commission, including Opteum Inc.'s most recent Annual Report on
Form 10-K or Quarterly Report on Form 10-Q. Opteum Inc. assumes no
obligation to update forward-looking statements to reflect
subsequent results, changes in assumptions or changes in other
factors affecting forward-looking statements.
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