JACKSONVILLE, Fla., March 3 /PRNewswire/ -- Freddie Mac has named EverHome Mortgage Company, a member of the EverBank family of companies (www.everbank.com), to its 2003 Tier One Hall of Fame. This is the fourth consecutive time that EverHome has received Tier One recognition, making it one of eight firms out of 1,500 nationally to achieve Hall of Fame status.
"This recognition from Freddie Mac acknowledges the results of the EverBank family's relentless commitment to service excellence. Being named to Freddie Mac's Tier One Hall of Fame is one of the industry's highest honors, reserved for the premier firms in the industry," said Robert Clements, EverBank's Chairman and CEO. "This recognition and our recent fourth consecutive Forbes Best of The Web banking award highlight our leadership position in various consumer financial services."
"EverHome has achieved this status through hard work, persistence and commitment to be the best," said Janet Eakes, vice president of Mortgage Sourcing Operations for Freddie Mac.
Freddie Mac ranks mortgage firms on the basis of several performance benchmarks that cover a wide range of activities. Firms are ranked in four tiers ranging from Tier One (superior results) to Tier Four (unacceptable results) based on their management of loan administration functions. Firms that achieve the top Tier One rating for at least two quarters in a calendar year receive a number of benefits.
In 2003, the Hall of Fame recipients serviced 38 percent of the 10 million loans owned by Freddie Mac, while the Tier One recipients serviced an additional 26 percent of Freddie Mac's loans. Since 1996 when Freddie Mac created the performance awards, it has paid out more than $20 million in incentives to mortgage firms achieving excellence in loan administration.
EverBank Financial Corp is a private holding company headquartered in Jacksonville, FL. With over $2.3 billion of assets, 1,250 employees and 385,000 customers nationwide, EverBank is Jacksonville's largest private financial services firm and one of the industry's fastest growing. EverBank serves the North Florida market through EverBank of Florida and customers nationwide through EverBank's National Banking Group and EverHome Mortgage Company. EverBank also provides mortgage and banking products through a variety of business partners, including priceline.com, though its pricelinemortgage internet joint venture; The Bank of New York, through its retail joint venture; and thousands of financial advisors, mortgage brokers and real estate agents through its EverBank Advisors, Wholesale Lending and EverBank Agents business units. Prior to February of 2004, EverBank Financial Corp, EverBank and EverHome Mortgage Company were named Alliance Capital Partners, First Alliance Bank and Alliance Mortgage Company, respectively.
Freddie Mac is a stockholder-owned corporation established by Congress in support of homeownership and rental housing. Freddie Mac purchases single- family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets. Over the years, Freddie Mac has opened doors for one in six homebuyers and more than two million renters in America.
SOURCE EverBank Financial Corp
CONTACT: Peter Robbio, +1-703-683-5004, for EverBank Financial Corp
© PR Newswire
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