Movement Mortgage to acquire retail branches of Eagle Home Mortgage
January 9, 2019
Movement Mortgage, a national top 10 retail mortgage lender based in Indian Land, SC, has 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.
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.
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.
