Introduction
Movement Mortgage is a well-known mortgage lender in the United States, but who exactly owns this company? In this article, we will dive into the ownership of Movement Mortgage and explore the key players behind this successful mortgage lender.
The Founders
Movement Mortgage was founded in 2008 by Casey Crawford and Toby Harris. Casey Crawford, a former NFL player, and Toby Harris, a mortgage industry veteran, joined forces to create a different kind of mortgage company. They aimed to build a company that focused on the needs of the borrowers and provided a seamless and efficient mortgage process.
The Ownership Structure
As of the latest information available, Movement Mortgage is a privately held company. The ownership structure consists of various stakeholders, including founders, employees, and investors.
Employee Ownership
One unique aspect of Movement Mortgage is its Employee Stock Ownership Plan (ESOP). An ESOP is a retirement benefit plan that allows employees to own shares of the company. Movement Mortgage introduced its ESOP in 2012, making it one of the largest employee-owned companies in the mortgage industry. This ownership structure aligns the interests of the employees with the success of the company, fostering a culture of dedication and commitment.
Investors
While the founders and employees hold a significant portion of the ownership, Movement Mortgage has also attracted external investors over the years. These investors have provided capital and support to help the company grow and expand its operations. However, the specific details regarding the investors and their ownership stakes are not publicly disclosed.
Expansion and Partnerships
Movement Mortgage has experienced significant growth since its inception. The company has expanded its operations across the United States and has established partnerships with various organizations. These partnerships have allowed Movement Mortgage to reach a wider audience and provide mortgage solutions to more borrowers.
Conclusion
In conclusion, Movement Mortgage is a privately held company founded by Casey Crawford and Toby Harris. The ownership structure includes the founders, employees through the ESOP, and external investors. This unique ownership model, combined with the company’s commitment to its borrowers, has contributed to the success and growth of Movement Mortgage.
References
– Movement Mortgage: https://movement.com/
– Forbes: https://www.forbes.com/sites/amydobson/2019/03/28/movement-mortgage-ceo-casey-crawford-on-creating-a-culture-of-movement/?sh=6f5a2f1a5a7c
– National Mortgage News: https://www.nationalmortgagenews.com/news/movement-mortgage-employee-ownership-plan-now-extends-to-employees-of-acquired-companies
