Charlotte’s own Movement Mortgage (technically headquartered in Indian Land) has just announced a multi-billion dollar deal to fully acquire New England-based Mortgage Network Inc.
Movement will take over 30 East Coast Mortgage Network branches spanning 12 states, adding over $2 billion in annual mortgage volume, and 250 employees to their corporate roster.
“We want to grow, and we look for teams and individuals in alignment with Movement’s mission to love and value people. We found that and more in the Mortgage Network team,” Movement CEO Casey Crawford said in a press release. “I’m honored to welcome these talented and purpose-driven individuals to Movement. Together, we’ll make a meaningful difference in our industry and communities.”
The Mortgage Network acquisition will bring Movement Mortgages total branches to over 580 and total employee count to over 1,750 nationwide.
The specific terms of the deal have not yet been disclosed.
What do you think about the merger?