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Movement Mortgage buying big piece of Lennar's Eagle Home Mortgage

[ WATCH : Movement Mortgage CEO explains to HousingWire why buying Eagle Home retail is win-win for everyone]

According to Movement, the deal is expected to add $1.5 billion in annual mortgage origination volume to its platform.

Movement said the retail outlets are concentrated in the Pacific Northwest and Mountain West regions, including offices and operations in Washington, Oregon, Idaho, Wyoming, Utah, and Colorado.

Movement said that it expects to retain the Eagle Home staff and integrate the business into its existing retail network of more than 650 branches and 1,500 loan officers nationwide.

For Lennar, the move to sell off its retail assets is not a move entirely away from mortgage. The homebuilder will still maintain its in-house builder mortgage division.

But the shift away from retail mortgage brings an end to an era of expansion for Eagle Home.

Movement Mortgage to acquire Eagle Home Mortgage's retail operations

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."

When refinancing a home mortgage, is it usually best to go through a lender's national center or locally?

I am interested in refinancing my home mortgage. My mortgage lender has a number of local mortgage offices as well as a national call center through which I could proceed with the refinancing.


I would simply call the national number. If they have a program for some sort of streamline refinance that would be the best way to go.