The move will strengthen Movement Mortgage’s presence as one of the nation's top mortgage originators.
The acquisition of Eagle Home Mortgage’s retail branch network strengthens Movement Mortgage’s position as a major player in the home mortgage industry in the United States. A retail branch is an office which is open to the public and is staffed with loan officers who specialize in home mortgages. Movement Mortgage has already grown from being a local lender to being one of the largest mortgage originators in the country since it first opened its doors in 2008.
As part of the acquisition, Movement Mortgage will become an even larger source for companies and consumers who are looking to finance their homes. The acquisition will give Movement Mortgage access to an expanded customer base and improved resources. Movement Mortgage also views this as an opportunity to make it easier for more potential homeowners to access the financing necessary to purchase a home. This includes first-time homebuyers, who may have difficulty securing traditional loans due to their lack of credit history or other factors.
The acquisition marks a significant milestone for both Movement Mortgage and Eagle Home Mortgage. For Eagle Home Mortgage, the acquisition provides a bridge to the future and establishes a pathway for ongoing success. For Movement Mortgage, the deal signifies its commitment to expanding its market reach and providing comprehensive services for those in need of home financing.
The acquisition is also beneficial for both companies’ employees. Employees of Eagle Home Mortgage’s retail branches will become part of the Movement Mortgage team, furthering the company’s ability to provide quality customer service. Additionally, Movement Mortgage’s employees will benefit from the expanded customer base and be better equipped to serve their clients.
Movement Mortgage’s acquisition of Eagle Home Mortgage is a strategic move that positions the company for growth and provides improved resources for its customers. Both companies have embraced the acquisition and are focusing on integrating their respective networks to ensure a smooth transition. It is expected that the acquisition will be officially completed by mid-2019.
Movement Mortgage is a leading provider of home mortgages in the United States, steadily gaining a larger foothold in the industry since its founding in 2008. The company recently announced its intent to acquire the retail branches of Eagle Home Mortgage, a major player in the industry. This move will strengthen Movement Mortgage’s presence and provide the company with access to an expanded customer base and improved resources. It will also give Movement Mortgage employees access to a larger customer pool. Upon completion, the acquisition is expected to significantly increase Movement Mortgage’s market share in the home mortgage industry. This move can benefit both companies’ employees and their customers, providing a stronger presence in the U.S. home mortgage market.
This article was contributed on Nov 07, 2023
