Quarterly production and the residential servicing portfolio slipped in the final three months of last year at EverBank Financial Corp.
Home loan originations
during the period beginning Oct. 1, 2014, and ended Dec. 31, 2014, worked out to $2.155 billion.
The numbers, as well as other financial metrics, were reported in the
Jacksonville, Fla.-based financial institution’s fourth-quarter 2014 earnings statements.
Business slowed down from the third quarter, when residential loan production was $2.296 billion.
But activity picked up from the fourth-quarter 2013, when EverBank funded $1.996 billion in loans.
For all of last year, originations amounted to $8.385 billion, sliding from $10.845 billion in 2013.
Jumbo mortgage production accounted for $1.184 billion of fourth-quarter 2014 volume, while another $0.972 billion was agency production.
Retail loan originators generated $1.219 billion of the latest activity, while another $0.386 billion came from the consumer-direct channel and $0.573 billion was in correspondent acquisitions.
Mortgage originations are likely holding up in the current quarter based on new applications, which rose to $1.336 billion in the fourth quarter from $1.280 billion in the prior period.
EverBank serviced a total of
$50.746 billion in loans. The servicing portfolio dipped from $50.831 billion three months earlier and $61.035 billion a year earlier.
On the balance sheet were $10.077 billion in residential assets. The category grew from $9.542 billion at the end of the third quarter and $7.197 billion at the end of 2013.
The year-end 2014 total included $9.920 billion in residential loans and $0.157 billion in home-equity lines of credit.
On the commercial side, commercial and commercial real estate originations jumped to $0.484 billion from $0.361 billion and was also up from $0.442 billion in the fourth-quarter 2013.
A total of $4.884 billion in commercial real estate assets were owned by EverBank as of the end of last year, more than the $4.515 billion owned as of Sept. 30, 2014, and $4.220 billion as of Dec. 31, 2013.
The latest CRE holdings included $3.528 billion in commercial mortgages and $1.357 billion in warehouse assets.
Income prior to income taxes for the entire company fell to $61 million from $70 million but jumped from $27 million in the year-earlier period.
