EverBank Unveils Approved Buyers Network

EverBank, Jacksonville, Fla., has announced the introduction of the Approved Buyers Network, a program that can contribute up to 1% toward client closing costs for mortgage brokers without affecting the broker's commission.The program, available exclusively through EverBank's Wholesale Lending Division, offers a pricing advantage not available from any other lender, the company said. "With the Approved Buyer's Network, the homebuyer and broker both benefit," said Buddy McCombs, senior vice president of EverBank's wholesale unit. "Mortgage brokers using ABN can offer homebuyers reduced closing costs by pre-approving them for a mortgage before they work with a real estate agent. This gives the broker a competitive pricing advantage and allows buyers to avoid the last-minute hassles of trying to obtain financing." Once the pre-approval is completed, ABN initiates a referral to an agent in the area where the buyer wishes to purchase a property. The bank's wholesale unit can be found online at http://www.everbankwholesale.com.