This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

EverBank Exits Wholesale Broker Home Mortgage Lending

JACKSONVILLE, Fla., July 29, 2013 /PRNewswire/ -- EverBank Financial Corp (NYSE: EVER) today announced that it will end its wholesale broker home lending business and intensify its focus on the company's growing network of 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 M. Clements, EverBank's chairman and chief executive officer.

EverBank's wholesale broker lending business offered a comprehensive suite of mortgage products to mortgage brokers nationwide, including conventional, FHA, VA and jumbo loans.  These products will continue to be offered by EverBank to clients across the country through the company's other home lending distribution channels.

"We're dedicated to providing innovative mortgage products to our clients and improving the efficiency and effectiveness of EverBank's loan-origination platforms," said Blake Wilson, EverBank's president and chief operating officer.  "To do that, we've decided to exit the wholesale broker lending business and continue enhancing our other residential lending channels."

The company will close wholesale lending regional operations centers in Dallas, Texas, Sacramento, California, and Jacksonville, Florida, and will eliminate approximately 150 positions nationwide as result of these changes.

About EverBank Financial Corp EverBank Financial Corp, through its wholly owned subsidiary EverBank, provides a diverse range of financial products and services directly to clients nationwide through multiple business channels. Headquartered in Jacksonville, Florida, EverBank had $18.3 billion in assets and $13.7 billion in deposits as of March 31, 2013. With an emphasis on value, innovation and service, EverBank offers a broad selection of banking, lending and investing products to consumers and businesses. EverBank provides services to clients through the internet, over the phone, through the mail, at its Florida-based financial centers and at other business offices throughout the country. More information on EverBank can be found at www.abouteverbank.com.

SOURCE EverBank

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs