Anniemac is expanding in Florida by acquiring lenders for home solution

“Now that the average American house is now older than 40 years old and the inventory falls short of long -term demand, the need for expertise of building loans has never been so greater,” said Joe Panebianco, CEO of Anniemac, in a statement. “Having an experienced, internal construction credit team is more relevant than ever in the IMB room.”

HSL is a small lender, according to around $ 125 million in loans in the past 12 months, according to MortGage Tech Platform Fashionx. From Tuesday, the company had five loan officers and no branch locations. It has licenses in Florida and South Carolina.

For comparison: Anniemac from New Jersey has been created in the past year around $ 2.8 billion in loans, with 450 los to 77 branches, per Modex data.

In Florida, Anniemac recently also adopted certain assets from Florida Financingwith employees who switch to his OVM Division. Earlier this year Anniemac worked together with United home loans To strengthen the operations in Montana and to expand its footprint over North Dakota, South Dakota and Wyoming.