West Hartford, Connecticut-based American Business Media LLC has acquired Mortgage News Network Inc., the Long Island-based publisher of National Mortgage Professional Magazine.
“We spent 10 years growing National Mortgage Professional Magazine as the premier publication for mortgage originators across the United States,” Joel Berman, publisher and CEO of Mortgage News Network Inc., said in a statement. “We have broadened into the largest webinar provider in the industry, the most widely read email newsletters, and are the predominant chroniclers of the who’s who in the mortgage lending field. With American Business Media, we saw an amazing opportunity to further expand our influence and ability to connect our audience to the stories of their success.”
American Business Media produces conferences for the mortgage, banking and credit union industries. AmBiz in 2019 produced 32 conferences, trade shows and networking events throughout the United States. It provides trade shows and educational conferences in the mortgage field through its Originator Connect Network division. AmBiz acquired The Warren Group’s events and custom publications portfolio in 2018. The Warren Group is the publisher of Banker & Tradesman.
AmBiz also has a wide range of educational opportunities for mortgage professionals across the country and provided complimentary NMLS licensing classes last year to more than 2,500 originators.
“We have had the good fortune to have worked with the folks at Mortgage News Network and National Mortgage Professional Magazine for several years,” AmBiz CEO Vincent Valvo, said in a statement. “We believe Joel and Andrew Berman are industry visionaries. This was an unparalleled opportunity to bring our experience with in-person conferences as well as the publishing expertise from our Originator Connect magazine into a new team environment with Mortgage News Network.”
The combined organization reaches more than 160,000 mortgage origination professionals each week. It provides email newsletters, webinars and targeted video, as well as print and digital magazines and specialty products, and nearly three dozen live events annually across the country.
“We are all energized at the opportunities this transaction creates for our clients and audience,” Andrew Berman said in a statement. “Utilizing social media marketing, analytics, data products and enhanced traditional media, our combined company will set the standard for connecting mortgage professionals with the tools they need to dominate their markets.”
The combination is effective immediately. Joel Berman and his son, Andrew Berman, from Mortgage News Network will take on executive roles at American Business Media. The company will be headquartered in West Hartford with continued operations out of Long Island.
