Absolute Home Mortgage Corporation has struck a deal to acquire the assets of Fidelity Direct Mortgage (FDM), the company confirmed on Tuesday. Financial terms of the transaction were not disclosed.

Absolute — a mid-size independent mortgage bank based in Fairfield, New Jersey — is adding FDM’s team of 55 producing loan officers, who originated about $335 million in mortgages over the past 12 months, according to RETR. Over the same period, Absolute originated $1 billion with roughly 190 loan officers, the data shows.

Gaithersburg, Maryland-based FDM primarily serves the Northeast and aims to enhance its operational scale and details ⇒

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