Consolidated Mortgage Services and Consumer Home Mortgage, both based in Quincy, have merged into Danvers-based New Fed Mortgage. The merged companies will maintain one office in Quincy, with corporate headquarters located in Danvers.

"With the regulations and the costs that have been imposed on us [lenders] it kind of forces us to get a little larger," Brian D’Amico, president of New Fed, told Banker & Tradesman, saying he was excited about the expansion. "It’s definitely a step in the right direction."

Kevin Reilly and Brian Spillane, the founders of Consolidated Mortgage and Consumer Home, respectively, will remain with the company. The merged company will have 25 loan officers, and has added two operational staff at its Quincy location.

"By combining our energy, enthusiasm and expertise, we have the critical mass to better serve our customers and the industry," Spillane said in a statement.

New Fed Mortgage was founded in 2001 and is licensed in Massachusetts, New Hampshire, Rhode Island, Maine and Florida.