Movement Mortgage Acquires Operations of Mortgage Network

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Movement Mortgage has expanded its market share on the East Coast with the acquisition of Mortgage Network Inc., based in Massachusetts. The transaction is expected to add $2 billion in additional annual mortgage loan volume to Movement’s origination platform. The acquisition will also increase Movement’s national retail mortgage footprint by 250 additional mortgage professionals and 31 branch offices.

“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,” says Movement CEO Casey Crawford. “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.”

“This is about more than growing our market share – we’re bringing on phenomenal loan officers and leaders from one of the strongest independent retail mortgage lenders,” states Mike Brennan, Movement’s president. “They have built trust within the community and are committed to putting borrowers first. We’re thrilled to welcome them to the Movement team.”

Founded in 1988 by Robert McInnes and Albert Pare, Mortgage Network is a privately held independent mortgage companies in the eastern U.S., with branch offices and licenses in 27 states. Movement expects to retain the staff across the acquired branch network and integrate the business with its existing retail network of more than 550 branches and 1,500 loan officers nationwide.

“After 34 years of building the Mortgage Network family, it was time to find a new home for my team that values their employees and customers as much as we always have,” says Mortgage Network CEO Robert McInnes. “I strongly believe Movement is that company.” 

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