Highlands Residential Mortgage has acquired The Equitable Mortgage Corp., giving the Texas-based lender an immediate footprint in central Ohio’s competitive home purchase market.

Founded in 1995, Columbus-based Equitable Mortgage has funded more than $6 billion in residential loans over the past three decades, serving borrowers and real estate agents in central Ohio and parts of Florida, according a the company announcement.

Terms of the acquisition were not disclosed.

The M&A deal brings Highlands Residential into a key Midwestern market at a time when lenders are looking to grow mostly through acquisitions and branch roll-ins rather than de novo details ⇒

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