Items Tagged with 'EverBank'


  • TIAA Bank exiting retail mortgage lending, selling to U.S. Bank

    Shifts focus to digital mortgages
    Just over 18 months ago, TIAA was finalizing its $2.5 billion acquisition of EverBank, touting the deal as a “significant” expansion of its retail footprint and an extension of its existing retirement, investment and advisory services. Then, in July 2018, the company rebranded TIAA Direct and EverBank to TIAA Bank. But now, just a few months later, TIAA Bank is moving to get out of retail mortgage lending and will shift its focus to digital mortgages.
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  • ARMCO names Sharon Reichhardt vice president of client success

    Will oversee professional services division
    ACES Risk Management Co. announces the promotion of Sharon Reichhardt as vice president of client success. Reichhardt, will oversee ARMCO’s professional services division and manage ongoing adoption by customers of the full feature-set of the ACES Audit Technology platform, ARMCO’s flagship product.
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  • EverBank rebrands as TIAA Bank

    Hopes to enhance experiences with new digital technologies
    TIAA announced that it is rebranding of EverBank and TIAA Direct as TIAA Bank, almost one year after TIAA acquired EverBank. The move represents an expansion of TIAA's offerings, moving the company into providing nationwide banking and lending services to consumers, along with commercial and institutional clients.
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  • TIAA finalizes acquisition of EverBank

    Deal originally announced in August
    Completing a process that began nearly a year ago, TIAA announced Monday that it finalized its acquisition of EverBank Financial Corp. and its wholly owned subsidiary EverBank, a nationwide consumer and commercial bank with $27.8 billion in total assets and $19.3 billion in total deposits.
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  • Federal Reserve Board terminates enforcement action against EverBank

    Announces $1.8 million civil money penalty
    The Federal Reserve Board terminated its enforcement action against EverBank Financial Corp. related to residential mortgage loan servicing and foreclosure processing due to the acquisition of the company by the Teachers Insurance and Annuity Association. The enforcement action required EFC to enhance its oversight over the mortgage servicing and foreclosure processing of its thrift subsidiary, EverBank.
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  • Mysterious buyer of EverBank revealed: TIAA

    Acquisition complete mid-2017
    During its second-quarter conference call, EverBank revealed it was in advanced talks to be acquired but stopped short of answering too many details. Now several weeks later, EverBank revealed that the mysterious buyer behind its talk is financial services provider TIAA.
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  • OCC terminates JPMorgan and EverBank mortgage servicing consent orders

    Both institutions will pay a civil money penalty
    A little over six months since the restrictions were put in place, the Office of the Comptroller of the Currency announced it terminated mortgage servicing-related consent orders against JPMorgan Chase and EverBank. Both banks now officially comply with the orders and only have a hefty fine to pay. However, not all banks are in the clear.
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  • Housing starts miss expectations dropping to three-month low

    "But this is a mere blip on the radar"
    Housing starts fell to a three month low of 1.126 million in August, missing expectations of 1.116 million. However, the culprit behind the drop isn't so mysterious. And according to one lending executive, although August housing starts disappointed, this is a mere blip on the radar.
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  • New home sales jump 5.4% in July to 507K

    July’s reading a 25.8% gain in one year
    New home sales showed solid if expected gains in July. And while volatility is common for new home sales, other housing data released last week suggest it's not a blip, analysts say. Here's the breakdown.
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