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Prime Equity expands, makes new hires

National Mortgage Professional
Mar 30, 2007

EverBank buys out BNY MortgageMortgagePress.comReverse mortgages EverBank Financial Corporation has purchased The Bank of New York's interest in BNY Mortgage Company LLC (BNYMC), repositioning the company to focus exclusively on expanding its reverse mortgage business nationwide. Originally a joint venture between EverBank Financial Corporation and The Bank of New York, BNYMC will now focus on the origination of retail reverse mortgages, along with wholesale, correspondent and private label reverse mortgage services. Jacksonville, Fla.-based EverBank Financial Corporation is a private financial services holding company. For more information, call (888) 882-3837 or visit www.everbank.com. BNYMC is a mortgage company based in Harrison, N.Y. For more information, call (800) 480-8773 or visit www.bnymortgage.com.
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