Mortgage

EverBank exits wholesale, will focus on other lending channels

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. 

Most Popular Articles

UWM announces 1.99% rate for 30-year fixed mortgage

United Wholesale Mortgage announced Tuesday it is rolling out a new loan program that offers borrowers an interest rate as low as 1.99% for both purchase mortgages and refinances.

Aug 11, 2020 By

Latest Articles

New fee on mortgage refinances could cost homeowners $1,400

On Wednesday night the FHFA rolled out a new adverse market refinance fee of 0.5%, which will be assessed for loans sold to Fannie Mae or Freddie Mac after Sept. 1.

Aug 13, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please