Movement buys Platinum Mortgage’s Alabama retail operation

A Huntsvile mortgage company has been acquired by a top 10 national retail mortgage lender. The retail lending assets of Platinum Mortgage, founded in 1996, have been bought by Movement Mortgage.

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Platinum Mortgage, Inc. is an Alabama Domestic Corporation filed on July 29, 1998. The company’s filing status is listed as Exists and its File Number is 197-111. The Registered Agent on file for this company is Clark, Terry L and is located at 103 Spenryn Drive, Madison, AL 35758.

Movement buys Platinum Mortgage’s Alabama retail operation movement Mortgage purchased the two branches that comprise Huntsville, Ala.-based Platinum Mortgage’s retail business just weeks after the latter company sold its wholesale division.

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Platinum mortgage was established in 1996 as a privately held residential lender based in Huntsville, Alabama. The company transitioned to correspondent lending in 2005 establishing a secondary marketing office in Atlanta, Georgia and a Central Operations Facility in Madison, Alabama which houses the company’s core departments: underwriting, closing and post closing operations.

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