This is why millennials need a new credit scoring system

This is why millennials need a new credit scoring system

Turns out they WANT credit, but just can't GET credit

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement
W S
Lending / The Ticker

EverBank exits wholesale, will focus on other lending channels

/ Print / Reprints /
| Share More
/ Text Size+

EverBank Financial Corp. (EVER) announced it is ending its wholesale broker home lending business.

Instead, the mortgage firm is choosing to focus on its retail lending offices and consumer-direct and correspondent lending channels.

"As the housing market recovers and the competitive and regulatory landscape of the residential mortgage industry evolves, we believe now is the time for EverBank to focus on growth opportunities in our retail, direct and correspondent lending businesses," said Robert Clements, EverBank's chairman and CEO.  

The company will close its wholesale lending regional operations centers in Dallas, Sacramento, Calif. and Jacksonville, Fla. and will cut approximately 150 positions nationwide due to the changes. 

Comments powered by Disqus