“The mortgage industry is experiencing one of the toughest markets in its history. It is imperative that we all make informed business decisions to navigate this challenging cycle,” Lisa Springer, CEO and senior partner at STRATMOR, said in a news release. “Similar to the mortgage lenders and vendors that serve our industry, STRATMOR decided to refresh our programs and services so we can continue to provide best-in-class experiences for our clients. Teraverde is the right company to enhance our ability to elevate our offerings and add even greater value to our industry.”
“The Teraverde team is delighted to join STRATMOR,” Teraverde CEO and co-founder Jim Deitch added. “We each have a sincere desire to improve our industry and provide superior services to our clients. Our firms have compatible cultures and complementary service offerings backed by outstanding talent. This combination, coupled with the availability of Teraverde’s outstanding Coheus technology solutions, creates a powerhouse advisory firm.”
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Springer emphasized the benefits of the merger, adding, “The merger of our two firms enables us to expand the markets we serve, the depth of services we can provide, and gives us the technology to highlight opportunities for our clients to help them quickly and impactfully capitalize on new ideas and innovations.”
STRATMOR Group is a mortgage industry advisory firm offering various programs and services for senior industry executives. STRATMOR serves more than 250 companies annually, providing strategies to increase growth and improve profitability in sales, marketing, technology, operations, and mergers and acquisitions.
