Financing Solution
Structured Mortgage Finance
EverBank Structured Mortgage Finance is where high-quality mortgage banking companies turn for a stable funding source, state of the art technology and superior service. You can count on us for fast, efficient funding and timely communication.
Facility options
We’ve built a range of options to meet your growing needs.
Warehouse parameters
| Warehouse facility size | $50M up to $500MCan be increased to $1B or more by adding an experienced partner participant bank. |
| Type | Repurchase facility |
| Eligible products | Agency, government, jumbo, seconds, reverse (both HECM and private label), non-qualified mortgage and other various residential loan products |
| Pricing | Determined by financial profile, product mix and other attributes |
| Term | 364 days |
| Standard warehouse period (dwell time) | 60 days |
| Wet sub-limit | Up to 50% of commitment |
| Guarantees | Generally not required except when given to other lenders |
Mortgage servicing rights
| MSR facility size | Up to $250MCan be increased to $500M or more by adding an experienced partner participant bank. |
| Type | Secured loan facility |
| Eligible products | Agency, government and private label Mortgage Servicing Rights (MSR) |
| Pricing | Determined by financial profile, product mix and other attributes |
| Term | 1 year revolver with 2 year term out |
Client funding requirements
All you need for a successful funding application, at a glance. Take a moment to review these requirements, then contact us to discuss your financing needs.
| Originators | Proven record of originating high-quality mortgages through retail and/or third-party channels |
| Profitability | History of profitable operations and positive cash flow |
| Pricing | Determined by financial profile, product mix and other attributes |
| Experience | Senior managers with extensive industry experience, and a history of managing warehouse lines successfully |
| Minimum adjusted tangible net worth | Warehouse $25M MSR $100M |
Our experts are here for you
Time is money, so our dedicated support team is here to ensure we’re meeting your needs on your timeline.
Leadership
Charles Clark
SVP, Mortgage Warehouse Finance Executive
Stephen Burse
SVP, Chief Credit Officer, Structured Mortgage Finance
Darious Kilgore
SVP, Warehouse Operations Manager
Regional experts
Central
Mark Bucior
VP, Relationship Manager
South central & southeast
Elizabeth Moore
VP, Relationship Manager
West
Kate Walton
VP, Relationship Manager
Mountain & northeast
David Delory
VP, Relationship Manager
Information to keep in mind
Important Notice: This is for promotional purposes only. Nothing herein shall be construed as a commitment to provide credit or other services. Some applications may require additional information or consideration. Product terms, requirements, and conditions are subject to change. Each proposed product is subject to EverBank's approval process. Normal credit standards apply. Program terms/guidelines are subject to change. The terms in this promotion are subject to change and actual terms may very from the above examples.
