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Berkshire unit to acquire Silverton Mortgage Specialists

Vanderbilt Mortgage & Finance Inc., a Berkshire Hathaway Inc. unit, has agreed to acquire Atlanta-based residential mortgage lender Silverton Mortgage Specialists Inc., the National Mortgage Professional Magazine reported.

Financial terms of the deal were not disclosed.

Silverton Mortgage will retain its name, leadership, employees and corporate identity following the closing of the deal, and Josh Moffitt will continue to remain the president and CEO of the firm, according to the report.