Movement Mortgage, a national top-10 retail mortgage lender, has expanded its Pacific Northwest and Mountain West capabilities 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 mortgage originators 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.