AnnieMac closes deal to acquire Florida Funding
AnnieMac
Home
Mortgage
has
struck
a
deal
to
acquire
Florida
Funding
and
bolster
its
presence
in
the
Sunshine
State,
the
companies
announced
on
Thursday. The
financial
details
of
the
transaction
were
not
disclosed.
This
marks
the
second
acquisition
this
year
for
New
Jersey-based
AnnieMac.
In
April,
AnnieMac
partnered
with
Unify
Home
Lending
to
enhance
its
operations
in
Montana
and
strengthen
its
footprint
across
North
Dakota,
South
Dakota
and
Wyoming.
Florida
Funding
team
members
will
transition
to
AnnieMac’s
OVM
Financial
division,
which
is
led
by
executive
vice
president
Matt
Beckwith.
Under
the
new
structure,
they
will
continue
to
partner
with
Robert
Slack
Real
Estate
Brokerage.
AnnieMac
said
this
transition
will
occur
seamlessly
without
affecting
clients
or
partners.
Over
the
past
12
months,
AnnieMac
has
originated
approximately
$3
billion
in
loans,
with
424
active
loan
officers
operating
across
75
branches,
according
to
mortgage
tech
platform
Modex.
In
contrast,
Orlando-based
Florida
Funding,
with
a
smaller
team
of
four
loan
officers,
has
produced
$36
million
in
loans
in
the
same
period.
AnnieMac
noted
that
Florida
Funding
has
funded
more
than
$600
million
in
loans
to
date.
AnnieMac
CEO
Joseph
Panebianco
said
that
the
acquisition
shows
the
mortgage
lender’s
commitment
to
growing
via
“strategic
partnerships.”
In
a
recent
interview
with
HousingWire,
Panebianco
revealed
that
AnnieMac
acquired
Unify
Home
Lending
in
April
2025
and
was
planning
another
acquisition
soon.
AnnieMac’s
broader
goal
is
to
capture
a
1%
market
share,
five
times
its
current
level,
by
cultivating
a
network
of
hyperlocal
experts.
Panebianco
contrasts
this
approach
with
larger
lenders’
reliance
on
big
data,
which
is
leading
to
transactions
such
as
Rocket
Companies’
deals
to
purchase
Redfin
and
Mr.
Cooper.
“My
firm
belief
is
that
if
you
are
a
local
expert
—
if
you
know
every
house
that
is
sold,
the
architects,
the
landscapers,
the
electricians,
the
plumbers,
the
HVAC
folks
—
that
business
is
yours
to
lose,”
Panebianco
said.





