Mortgage lenders Doorway Home Loans and Priority Mortgage Thursday announced a merger, the latest of many such deals made during a challenging mortgage market. The companies did not disclose the financial terms of the agreement. 

Both companies have more than 30 years of experience in residential direct lending, but want to expand market reach and create greater efficiency. 

Priority Mortgage was founded in 1984 in Worthington, Ohio. Doorway Home Loans — founded just three years later, in 1987, by Kirk Hankla in Long Beach, California — will expand geographically through the transaction. With licenses in 30 states, the details ⇒

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