The New Jersey-based lender Tuesday said it acquired certain assets of Florida-based Home Solution Lenders. The company, which recorded almost $200 million in loan volume last year, brings expertise in construction-to-permanent loans, Anniemac said.

"Having an experienced, in-house construction lending team is more relevant than ever in the IMB space," said Anniemac CEO Joe Panebianco in a press release, noting the uncertain forecast for new inventory.

The acquisition for an undisclosed price follows Anniemac's purchase last month of Orlando-based Florida Funding, a shop which originated more than $600 million in loans since it was founded in 2017. HSL, based in Bartow, Florida outside of Tampa, has five sponsored loan originators and produced $192 million in volume last year, according to public databases.

Anniemac has previously expanded down the East Coast, buying Virginia Beach-based OVM Financial in 2022 and Toms River, New Jersey-based Family First Funding in 2023. The retail and direct-to-consumer player was founded in 2011 and has 583 sponsored LOs and 86 branches, according to Nationwide Multistate Licensing System records. 

The company also generated $3.1 billion in origination volume last year from over 9,400 loans, according to Home Mortgage Disclosure Act data.

Mergers and acquisitions stir in sluggish market

The mortgage arm of Illinois-based Great Lakes Credit Union Tuesday said it added Fit Mortgage, a small shop licensed to originate in five southern states. 

Mortgage Forward said its acquisition of Fit Mortgage will drive new origination business and expand servicing income opportunities. Fit, founded in 2023, is based in Birmingham, Alabama and reports five LOs in NMLS records. The $1.4 billion-asset GLCU says it serves 115,000 consumers across the Chicago metropolitan area. 

The deals come amid a quieter summer for mortgage mergers and acquisitions, following a flurry of major transactions in the spring headlined by Rocket Cos' purchase of Mr. Cooper and Redfin. Among other pullbacks and pivots, some mortgage firms have gone private, including software platform MeridianLink's recent move.