Movement buys Platinum Mortgage’s Alabama retail operation

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Movement Mortgage acquiring retail operations of Platinum. – As of this morning, Movement Mortgage, a top 10 national retail mortgage lender, tells HousingWire it is acquiring the retail lending assets of Platinum Mortgage. The purchase marks Movement’s.

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Movement buys Platinum Mortgage’s Alabama retail operation Movement Mortgage purchased the two branches that comprise Huntsville, Ala.-based Platinum Mortgage’s retail business just weeks after the latter company sold its wholesale division.

Platinum Mortgage is a financial institution that provides a range of loan options for the real estate industry. It offers a variety of lending products and loan programs. The company operates a commercial loan center that features programs for multifamily units, mobile homes, office complexes, retail facilities and industrial properties.

Movement now has 7 sell offices in Alabama, widespread opposite Huntsville, Birmingham and a Gulf Coast area, a association orator said. The squeeze of Platinum’s branches is Movement’s second merger of a sell network this year. In January, Movement bought Eagle Home Mortgage from Lennar. Movement picked adult 35 branches and 230 loan.