Highlands Residential announced Thursday that it has purchased The Equitable Mortgage Corp. in Dublin, Ohio.
Terms of the transaction were not disclosed. The purchase gives one of the lenders that has consistently appeared in
The Ohio mortgage lender's production volume has increased from $184.19 million in 2023 to $217.2 million last year, according to
"They've run a strong, relationship-driven business, and that's exactly the kind of foundation we look for," said Corey Caster, executive vice president and chief production officer at Highlands Residential Mortgage, in a company blog.
Purchase lenders with similar loan sizes
Origination volume at Highlands Residential Mortgage has grown from near $2.04 billion in 2023 to $2.39 billion in 2025, according to iEmergent's analysis. Its average loan size last year was $340,026. The Equitable Mortgage Corp.'s average loan size in 2025 was $319,412.
Both companies have been strong purchase lenders with iEmergent's HMDA analysis showing that 82.8% of The Equitable Mortgage Corp.'s loans by count were in that category last year. In comparison, Highlands Residential had a 78.9% purchase share in 2025.
Other merger and acquisition activity
The combination of the two adds to a wave of broader merger and acquisition activity in the industry that includes an ongoing bidding war over RoundPoint Mortgage owner Two Harbors between industry giants CrossCountry and
Other recent deals struck include CrossCountry's agreement to buy top 35 lender
