FAIRFAX, VA • July 1, 2020 – With Lenderworks® doing much of the heavy lifting, MVB Mortgage and Intercoastal Mortgage Company successfully merged on July 1st, 2020 to form Intercoastal Mortgage, LLC.
Intercoastal Mortgage, LLC has a long tradition of success in the mortgage industry by adhering to a strong set of values, while creating a nurturing and educational environment for our customers. Formed from the merger of two award-winning mortgage companies, Intercoastal Mortgage Company and MVB Mortgage, we are primed to serve our customers with greater options and shorter turn times.
Intercoastal Mortgage Company was founded in 1987 and has ranked among the top mortgage lenders in the greater Washington DC area for the past three decades. Intercoastal has since expanded its physical presence into markets in North Carolina and Georgia. The company closed over $1.3 billion in volume in 2019.
Potomac Mortgage Group, Inc, founded in 2009, was acquired in 2012 by MVB Bank, Inc. (NASDAQ: MVBF). As a wholly owned subsidiary doing business as MVB Mortgage in the Northern Virginia-DC Metro Area, the company expanded into North and South Carolina in 2014. Growth has been steady into the Miami and Tampa, Florida markets. PMG/MVB Mortgage closed over $1.82 billion in volume in 2019.