Add the name of EverBank Financial to the list of bidders that have been kicking the tires at MetLife Home Loans, Irving, Texas.
According to industry advisors, the privately held EverBank has expressed interest in parts of the MLHL, joining the ranks of other lookers, including American Home Mortgage Servicing, American Express, and PNC Bank.
Tom Wind, a top executive at EverBank had not returned a telephone call about the matter as ASR sister publication National Mortgage News (NMN) went to press. The depository is based in Jacksonville, Fla.
It's no secret in the industry that EverBank has expansion on its mind. This past summer it filed an S-1 statement with the Securities and Exchange Commission, signaling its intention to go public.
Most of its growth has been organic, but it has selectively purchased parts of other franchises including Bank of Florida Corp., and Tygris Commercial Finance Group, some with federal assistance.
In its S-1 filing, EverBank noted that “We have recorded positive earnings in every full year since 1995.”
Among mortgage funders it ranks 26th nationwide, according to figures compiled by NMN and the Quarterly Data Report. MetLife ranks 10th overall.