EverBank Financial originated roughly $3.3 billion of residential and commercial loans (and leases) in the third quarter, retaining $1 billion of it for portfolio.
The lender, which went public earlier this year, said retained loans increased 29% over 2Q and 92% compared to a year ago.
(Over the past few quarters more banks have been keeping jumbo mortgages in portfolio instead of selling them into the secondary market.)
The Jacksonville-based lender earned $22.2 million in the quarter, tripling income from a year ago.
However, it took a $4.7 million charge-off and recorded a provision of $1.7 million to cover repurchase obligations for loans sold or securitized. It also wrote down the asset value of its mortgage servicing rights to $381 million from $489 million a year ago.
Among residential funders, it ranks 23rd nationwide, according to figures compiled by National Mortgage News and the Quarterly Data Report