Movement Mortgage to acquire retail branches of Eagle Home Mortgage
INDIAN LAND, S.C., Jan. 9, 2019 /PRNewswire/ — Movement Mortgage, a national top 10 retail mortgage lender, has significantly expanded its Pacific Northwest and Mountain West market share by agreeing to acquire the retail mortgage operations of Eagle Home Mortgage, LLC.
The transaction is expected to add $1.5 billion in additional annual mortgage loan volume to Movement’s origination platform. The acquisition, which is scheduled to close later this month, will also increase Movement’s national retail mortgage footprint by 230 additional mortgage professionals and 35 branch offices.
“We want to grow, and we relentlessly look for purpose-filled, growth-minded mortgage professionals who want to make a meaningful difference in their industry and communities. We found all of those qualities and more in the team at Eagle Home Mortgage,” says Movement Chief Executive Casey Crawford. “I’m excited and honored to welcome these talented individuals to Movement.”
The Eagle Home Mortgage assets are concentrated in the Pacific Northwest and Mountain West regions, including offices and operations in Washington, Oregon, Idaho, Wyoming, Utah and Colorado. Movement expects to retain the staff across the acquired branch network and integrate the business with its existing retail network of more than 650 branches and 1,500 loan officers nationwide.
“Movement provides our loan officers and support teams with the industry’s best process and service, innovative technology and a culture that emphasizes caring for customers, teammates and communities,” says Eagle Home Mortgage Senior Vice President Kisha Weir.
Movement kicked off the acquisition announcement with a four-day roadshow across four states, as executive sales and operations leadership visited Eagle associates in Seattle; Portland, Oregon; Boise, Idaho; and Denver.
About Movement Mortgage
Movement Mortgage exists to love and value people by leading a Movement of Change in its industry, corporate culture and communities. Movement is the seventh-largest purchase mortgage lender in the U.S. and has funded more than $55 billion in residential mortgages since 2008. Movement is best known for its innovative mortgage process and referable experience, which begins with Upfront Underwriting and a seven-day loan processing goal. The company employs more than 3,500 people, has more than 650 branches in the U.S. and is licensed in 49 states. Its nonprofit organization, the Movement Foundation, has reinvested approximately $40 million in communities to date. For more information, visit www.movement.com.
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SOURCE Movement Mortgage