United Financial Mortgage, Oak Brook, Ill., has agreed to purchase Plus Funding of Carlsbad, Calif., for an undisclosed amount.The acquisition of the privately held Plus Funding is the second franchise purchase by UFM in four months. Plus, a retail mortgage banker/broker, employs 66 and operates seven branches in Southern California and one in Nevada. According to figures compiled by the Quarterly Data Report, a MortgageWire affiliate, the publicly traded UFM funded $687 million in the third quarter, ranking 71st in the United States. (UFM's fiscal quarter ended Oct. 31.) Through the first seven months of the year, Plus originated $275 million in loans.
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