Guild Mortgage has struck a deal to acquire retail rival Academy Mortgage Corporation, which could result in an additional 800-plus loan officers across the country, multiple sources told HousingWire.

During an all-hands call Tuesday morning, Academy’s leadership informed employees about the M&A deal, which is expected to close in mid-April. Academy CEO Adam Kessler told staffers that he had been seeking for either private capital or an acquirer due to the challenging mortgage landscape. He said that Guild was a good fit to acquire the company, according to staffers who attended the Tuesday morning call.

Separate calls details ⇒

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