Key facts
- Envoy Mortgage agreed to acquire distributed retail assets of Mason-McDuffie Mortgage Corp. (MasonMac).
- The Envoy-MasonMac deal is expected to close by the end of August.
- The acquisition will add approximately 100 loan officers to Envoy's team.
- Envoy's annual funded volume run rate is expected to exceed $3 billion after the acquisition.
- AnnieMac Home Mortgage hired a 12-person retail lending team in Wichita, Kansas.
- This team previously moved to Union Home Mortgage.
- The Wichita team originated approximately $220 million in mortgages over the past 12 months.
- AnnieMac Home Mortgage gains a new geographic foothold in Kansas.
- BankSouth Mortgage appointed Erin Dee as senior vice president and chief innovation officer.
- Erin Dee will lead initiatives in AI, workflow modernization, and enterprise transformation.
- BankSouth Mortgage aims to double its annual mortgage production.
Envoy Mortgage has entered into an agreement to acquire the distributed retail assets of Mason-McDuffie Mortgage Corp., also known as MasonMac. This acquisition is projected to be finalized by the end of August. The integration of MasonMac's assets is expected to bring approximately 100 loan officers into Envoy's existing team. This influx of personnel is anticipated to elevate Envoy's annual funded volume run rate to exceed $3 billion.
In a separate development, AnnieMac Home Mortgage has strengthened its operational footprint in Kansas. The company has recruited a 12-person retail lending team based in Wichita. This team was previously affiliated with Union Home Mortgage. Over the preceding 12 months, this Wichita-based team was responsible for originating an estimated $220 million in mortgage volume. This recruitment establishes a new geographic market for AnnieMac.
Furthermore, BankSouth Mortgage has announced a key executive appointment. Erin Dee has been named senior vice president and chief innovation officer. In her new role, Dee will spearhead initiatives focused on artificial intelligence, modernizing workflows, and driving enterprise transformation. The company's strategic objective is to double its annual mortgage production. This move signals a focus on technological advancement and operational efficiency within BankSouth Mortgage.