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Hawaii’s largest locally owned mortgage banking company is going to be taken over by one of the largest retail mortgage lenders in the United States.
Chicago-based Guaranteed Rate Inc. announced Tuesday that it will acquire certain assets of Honolulu HomeLoans and an affiliate, Hawaii Lending Alliance, to expand Guaranteed Rate in the state.
As part of the deal, former Honolulu HomeLoans CEO Anders Hostelley will become a Guaranteed Rate regional manager and head the Hawaii operations.
Honolulu HomeLoans was established in 2010 by local mortgage lending veteran Tom Zimmerman, and reported servicing more than $1 billion in mortgage loans in its first two years. The company is based in downtown Honolulu and lists having seven other branches on Oahu and Maui. Honolulu HomeLoans also established Hawaii Lending Alliance two years ago with Berkshire Hathaway HomeServices Hawaii Realty.
Guaranteed Rate was founded in 2000 and expanded to Hawaii in 2015. The company has 317 offices throughout the country and said it has funded nearly $12 billion in loans during the first half of this year.
ON THE MOVE
Homebridge Financial Services has hired Julie Lawrence as a mortgage loan originator at its Kona office. She has more than 30 years of experience in the mortgage industry in Kona, including 17 years with First Hawaiian Bank and overseeing her own brokerage, Akamai Home Loans, for seven years. Lawrence has also recently worked as a special-education teacher for eight years and currently serves on the board of directors for Lao‘i‘Opua 2020, a Hawaiian Homelands project in Kailua-Kona.
Carlsmith Ball LLP has hired Joy Miyasaki as a partner in its Honolulu office; specializing in tax estate planning, wealth and asset preservation, charitable planning and tax-exempt organizations, and trust and estate administration, disputes and litigation. In addition to holding her own private practice, Miyasaki’s experience includes serving as a trial attorney for the IRS Office of Chief Counsel in New Jersey; a partner with Bergman, Horowitz & Reynolds in Connecticut and New York; and attorney with the Law Offices of Shuichi Miyasaki in Honolulu.