South-Carolina based Movement Mortgage is expanding its operations and reach in the Pacific Northwest and Mountain West market through the acquisition of Lennar's Eagle Home Mortgage's retail operations. The transaction is expected to add $1.5 billion in additional annual mortgage loan volume to Movement's origination platform, the company said in a statement.
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,” said Casey Crawford, CEO, Movement Mortgage. “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,” said Kisha Weir, SVP, Eagle Home Mortgage.
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.