Synergy One to merge with APM; Steve Majerus named president

American Pacific Mortgage (APM) has closed a merger deal to bring Synergy One Lending under its umbrella as a DBA, creating a mortgage production platform with roughly $14 billion in annual volume, the companies announced Friday.

The combination of the two California-based lenders aims to scale their nationwide retail operations. The merger remains subject to regulatory approvals, and financial terms were not disclosed.

As part of the restructuring, “APM has built an incredible platform and culture centered around empowering originators, leaders and entrepreneurs,” Majerus said. “This merger gives us the platform to continue innovating and compete in a market shaped by evolving consumer expectations.”

Last year, in a companywide address, Majerus criticized “unscrupulous” recruiters who attempted to poach Synergy One’s loan officers using claims of “financial instability or margin calls and challenges.”

Under the agreement, Synergy One will maintain its brand name through APM’s divisional DBA model, a structure APM has utilized to allow local brands to operate with centralized corporate support. The companies indicated the combination will provide