Retail mortgage lender Movement Mortgage has announced an agreement to acquire the retail mortgage operations of Eagle Home Mortgage.
The acquisition significantly expands Movement’s Pacific Northwest and Mountain West market share, with the transaction expected to add $1.5 billion in additional annual mortgage loan volume to Movement's origination platform.
The deal will also increase Movement's national retail mortgage footprint by 230 additional mortgage professionals and 35 branch offices. The acquisition is set to close later in January.
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.
"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," Movement Chief Executive Casey Crawford said. "I'm excited and honored to welcome these talented individuals to Movement."
"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," Eagle Home Mortgage Senior Vice President Kisha Weir said.