United Financial Mortgage Corp., Oak Brook, Ill., has purchased Portland (Ore.) Mortgage Co.The terms of the deal were not disclosed. Both companies are mortgage bankers with wholesale and retail operations. Portland has six branches, four in Oregon and two in Washington state. It originated $476 million in 2002 and had revenues of $8 million. Ron Rudy, the founder of Portland Mortgage, will retain his current role as president of the company, which has become a division of United Financial. United Financial, a publicly traded company listed on the American Stock Exchange, can be found on the Web at http://www.ufmc.com.
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