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AnnieMac Home Mortgage has struck a deal to acquire certain assets of 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 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.
