Skip to main content

EverBank to Shut Down Wholesale Ops and Eliminate 150 Positions

Jul 30, 2013

EverBank Financial Corporation has 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. 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. "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."
About the author
Published
Jul 30, 2013
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024