Sierra Pacific Mortgage

What Sierra Pacific Mortgage does

Sierra Pacific Mortgage is a U.S. wholesale residential mortgage lender founded in 1986 and headquartered in Folsom, California. The company originates mortgage loans through a broker partnership channel, targeting independent mortgage brokers and first-time homebuyers across the country. Its core product portfolio spans agency-conforming products (Conventional, FHA, VA, USDA), Refinancing, Rehab, New Home Construction loans, and a Home Equity Line of Credit (HELOC), supplemented by the Union Home Insurance agency and digital tools including mortgage and refinance calculators. Revenue is generated primarily through transaction fees on loan originations that are subsequently sold into the secondary mortgage market.

In September 2025, Sierra Pacific Mortgage's origination assets were acquired by Union Home Mortgage, an Ohio-based independent mortgage banker operating in 48 U.S. states plus D.C. (NMLS #2229). The acquisition integrated Sierra Pacific Mortgage's wholesale operations into Union Home Mortgage's technology platform, and the wholesale team achieved its best funding month in five years in December 2025, attributed to improved pricing competitiveness, broker communication, and operational support. Post-acquisition product expansion includes the UHM Platinum non-qualified mortgage (non-QM) suite launched in October 2025, which targets borrowers who do not qualify under standard agency guidelines, and the scaled 1% Down Payment Program for first-time homebuyers.

The business operates on a sales-led, wholesale go-to-market model. Mortgage brokers are the primary distribution channel, with branch locations (e.g., Savannah, Georgia) providing localized loan officer support. Marketing is driven through Union Home Mortgage's digital channels: website content, social media presence on Facebook, Twitter, Instagram, and LinkedIn, blog resources, and an online branch/loan officer locator. Leadership includes founder/owner Jan Coffrini, CFO Curtis Dair, and COO Suzy Lindblom. Sierra Pacific Mortgage no longer operates as an independent entity and functions as the wholesale origination channel within Union Home Mortgage's broader residential lending platform.

Name

Sierra Pacific Mortgage

Legal name

Sierra Pacific Mortgage

Website

https://sierrapacificmortgage.com

Company type

Private

Founded year

1986

Operating status

Acquired

Headcount range

1,001–5,000 employees

Short description

Sierra Pacific Mortgage is a U.S. wholesale residential mortgage lender originating loans through mortgage broker partnerships across 48 states plus D.C., acquired by Union Home Mortgage in September 2025 and serving first-time homebuyers and broker partners with a full suite of agency, government, and non-QM products.

Ownership category

akta.pro rank

Product category

Residential Mortgage Lending

NAICS

Nondepository Credit Intermediation (5222)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Jumbo & Portfolio Wholesale Lending (FSALACAF)

akta.pro secondary industry

Mortgage Loan Sales & Aggregation (Correspondent/Conduit Aggregators) (FSALAFAD)

Keywords

• Residential mortgage lending
• Wholesale mortgage origination
• Home refinance loans
• Non-QM mortgage products
• Mortgage broker services

Headquarters

HQ city

Folsom

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Wholesale Mortgage Lending: Mortgage originations through broker partnerships and wholesale channels, generating revenue from origination fees and loan sales into the secondary mortgage market

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Sierra Pacific Mortgage provides wholesale residential mortgage lending services through broker partnerships across the United States. The company originates purchase and refinance mortgage loans, including conforming, government-backed (FHA, VA, USDA), and non-qualified mortgage (non-QM) products, and distributes them through a wholesale broker channel integrated with Union Home Mortgage following the September 2025 acquisition.

Product overview

Union Home Mortgage (which acquired Sierra Pacific Mortgage's origination assets in September 2025) operates a unified mortgage lending platform offering a comprehensive suite of residential mortgage products. The portfolio includes core loan products (Conventional, FHA, VA, USDA, Refinancing, Rehab, and New Home Construction loans) complemented by specialized offerings like the UHM Platinum non-QM suite and the 1% Down Payment Program for first-time buyers. Additional services include Union Home Insurance, a Home Equity Line of Credit, and digital tools including mortgage and refinance calculators. The company also provides online account management through its servicing portal.

Differentiator

Problem solved

Functional benefit

Products and services

• Conventional Loans Standard mortgage products conforming to Fannie Mae/Freddie Mac guidelines, including fixed-rate and adjustable-rate options for qualified borrowers seeking home purchase or refinance financing.
• FHA Loans Federal Housing Administration insured mortgages with lower down payment requirements and more flexible qualification criteria, targeted at first-time homebuyers and borrowers who may not qualify for conventional financing.
• VA Loans Veterans Affairs backed mortgage products offering favorable terms including no down payment and competitive rates, designed for eligible service members and veterans seeking home purchase financing.
• USDA Loans United States Department of Agriculture rural development loans featuring 100% financing for eligible properties in qualified rural and suburban areas, aimed at low- and moderate-income borrowers in designated areas.
• Refinancing Mortgage refinancing options allowing existing homeowners to replace their current loan with a new one, potentially securing lower rates, adjusting loan terms, or accessing home equity.
• Rehab Loans Renovation financing products combining purchase or refinance with funds for home improvements, suited for buyers of fixer-upper properties or homeowners financing major repairs.
• New Home Construction Loans Construction-to-permanent financing covering both the building phase and the permanent mortgage for newly constructed homes, enabling borrowers to finance construction with a single loan closing.
• Union Home Insurance Home insurance products and services offered alongside mortgage origination to provide bundled property coverage for homeowners obtaining financing through the company.
• 1% Down Payment Program

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• United Wholesale Mortgage (UWM): The largest U.S. wholesale mortgage lender, operating a broker-channel-only model. Direct comparable to Sierra Pacific/UHM on origination channel, target customer (mortgage brokers), and revenue model (transaction-fee origination and secondary-market loan sales).
• loanDepot: Operates a wholesale division (ldwholesale) targeting mortgage brokers alongside its retail and partner channels. Direct comparable to Sierra Pacific/UHM on broker-channel origination, pricing-driven broker competition, and secondary-market loan sale model.
• Homepoint: Wholesale and correspondent mortgage lender serving independent mortgage brokers. Comparable to Sierra Pacific/UHM on broker-channel GTM, secondary-market loan sale revenue model, and national-scale origination platform.
• Planet Home Lending: National mortgage lender with strong wholesale and correspondent channels. Comparable to Sierra Pacific/UHM on broker-channel focus, multi-channel product suite including non-QM and renovation, and relationship-driven broker engagement.
• Rocket Pro TPO: The wholesale lending division of Rocket Mortgage, serving independent mortgage brokers nationwide. Highly comparable to Sierra Pacific/UHM on broker-channel GTM, multi-state licensing footprint, and broad product mix including non-QM offerings.

Broad incumbents

• NewRez (Rithm Capital): Multi-channel U.S. mortgage originator (retail, wholesale, correspondent) owned by Rithm Capital. Comparable on broker-channel origination, agency and non-QM product offering, and capital-markets-driven operating model.
• Caliber Home Loans: Large-scale U.S. mortgage originator with retail, wholesale, and correspondent channels. Comparable to Sierra Pacific/UHM on multi-channel origination, agency and non-QM product breadth, and national footprint, though broader in scope.
• PennyMac Loan Services: Large mortgage originator and servicer with correspondent and broker-direct channels. Comparable to Sierra Pacific/UHM on wholesale/correspondent origination, secondary-market execution, and product breadth including non-QM via subsidiaries.

Regional players

• Guild Mortgage: U.S. mortgage lender with retail and wholesale operations across many states. Comparable to Sierra Pacific/UHM on multi-channel origination and product breadth, though with greater retail-bias weighting.
• Fairway Independent Mortgage: Large retail-and-wholesale U.S. mortgage lender with branch-driven and broker-referral origination. Comparable to Sierra Pacific/UHM on residential product suite, broker partnerships, and nationwide footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/SPMortgage1
• LinkedInlinkedin.com/company/sierra-pacific-mortgage

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sierra Pacific Mortgage