Columbus, Ohio-based holding company GO Companies launched its new business and intends to create a “one-stop shop” for homebuyers that includes title, mortgage and brokerage services.
Michael Isaacs, who has more than 20 years of experience operating real estate businesses, including mortgage banking companies, serves as CEO of GO Companies.
“Combined with our innovative technology, the launch of GO Companies will enable us to provide a seamless experience for our customers,” Isaacs said in a release. “Our ultimate goal is to bring technology, people, and processes necessary to reduce cycle times and create the most efficient company with the highest level of services the real estate industry has ever seen.”
GO Companies acquired GO Mortgage, a nationwide, independent mortgage bank licensed in 36 states and the District of Columbia. GO Mortgage was formerly known as GSF Mortgage, a Brookfield, Wis.-based mortgage lender.
The company also bought a controlling stake in 3 Degrees Realty, a residential real estate brokerage, and a minority stake in MeyMax Title, a residential title insurance company.
GO Companies plans to merge services from all three companies to create a one-stop shop that provides homebuyers with everything they need to purchase a home under one roof.
“GO Companies is poised to become a major player,” Chief Operating Officer Andrew Panagos said. “In addition to positioning GO Mortgage for significant growth, the additional companies will add value for our entire client base.”
Private investment company Tradepost sponsored the acquisition and related deals.
“We are excited about this opportunity to create a one-stop shop for the residential real estate industry,” Tradepost founder and CEO Jordan Hansell said. “The mortgage and real estate industries are poised to change more in the next two years than they have over the past 20 as a result of technological advancement, increased competition, and fast-paced innovation. GO Companies is strategically designed to capitalize on this changing landscape.”