Envoy Mortgage closed a deal to acquire the distributed retail assets of Mason-McDuffie Mortgage Corp. (MasonMac), bringing on about 100 loan officers who produced $1 billion over the past 12 months, the companies confirmed to HousingWire. 

The transaction, announced internally on Monday, is expected to close toward the end of August. Financial terms of the deal were not disclosed.

The move is part of a strategic realignment of MasonMac’s business, with its distributed retail production teams joining Envoy. The deal will increase Envoy’s loan officer headcount to about 240, and details ⇒

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