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Florida-based homebuilder Dream Finders Homes Inc. continues to build its presence in mortgage lending and title insurance through acquisitions, adding more than 700 independent title agents in 32 states with the acquisition of Alliant National Title Insurance Company Inc.
Alliant National President and CEO David Sinclair has joined Dream Finders along with the rest of his team, Dream Finders’ Chairman and CEO Patrick Zalupski said Monday. Terms of the deal, which closed on April 18, were not disclosed.
Patrick Zalupski
“This partnership creates significant value for both Alliant National and Dream Finders as a result of further vertical integration and additional service offerings to our stakeholders,” Zalupski said in a statement. “We are committed to investing towards the continued success of Alliant National’s platform and look forward to expanding our presence in the industry.”
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In announcing the deal in October, Dream Finders claimed Alliant National was the largest independent title underwriter in the country with no direct or affiliated operations.
David Sinclair
“Building on almost 20 years of serving independent title agents, we are thrilled to partner with Dream Finders Homes and envision an exciting future,” Sinclair said at the time. “The collaboration of an innovative builder, strong title agency, and the Alliant National underwriting team will promote our long-term success and growth into a national competitor.”
Dream Finders closed 8,583 new home sales last year, up 17 percent from the year before, providing financing and title services on most of those sales through its subsidiaries, Jet HomeLoans LLC and DF Title LLC.
Last month, Dream Finders announced that Jet HomeLoans had acquired Denver, Colorado-based Cherry Creek Mortgage. Based in Jacksonville, Florida, Jet HomeLoans sponsors 59 mortgage loan originators who work out of 10 branch locations, according to Nationwide Multistate Licensing System records.
Dream Finders went all-in on mortgage last year, acquiring the remaining 40 percent interest in its mortgage banking joint venture, Jet HomeLoans, for $9.3 million in July. It was the company’s sixth acquisition in five years.
Now a wholly owned subsidiary of Dream Finders, Jet HomeLoans originated 4,977 loans in 2024, up 56 percent from 3,189 the year before. The lender achieved a “capture rate” of 72 percent of all homes built by Dream Finders last year, up from 65 percent in 2023.
Jet HomeLoans made $4.98 billion in loans last year, an average of $441,230 per loan, with 40 percent of loans backed by government (FHA, VA and USDA) programs.
Dream Finders’ mortgage business generated $34.8 million in 2024 revenue — almost twice as much as title services revenue, which totalled $18.9 million last year. But title services revenue was up 95 percent from 2023, largely due to DF Title’s expansion of operations into the Texas market previously serviced by unconsolidated title joint ventures.
DF Title, which does business as Golden Dog Title & Trust, provides closing, escrow and title insurance services in Colorado, Florida, Georgia, North Carolina, South Carolina and Texas.
Dream Finders, which currently builds homes in 10 states, entered the Charleston and Greenville, South Carolina, and Nashville, Tennessee markets last year by acquiring the majority of the homebuilding assets of Crescent Homes. In January, Dream Finders entered the Atlanta, Georgia, market and expanded its footprint in Greenville with the acquisition of homebuilder Liberty Communities.
In reporting 2024 earnings in February, Dream Finders executives said they expect the Liberty Communities acquisition will help the company close on a projected 9,250 home sales this year, which would represent 8 percent growth.
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