Evergreen Home Loans Records Best Year in Company History

BELLEVUE, Wash.–(BUSINESS WIRE)–Evergreen
Home Loans
, a full-service direct home loan lender offering
origination, funding and home loan servicing, is on track to have its
best year of loan production in company history. Evergreen Home Loans,
which is a privately held company, has offices in six Western states:
Arizona, California, Idaho, Nevada, Oregon and Washington. They’re also
licensed to originate home loans in Alaska.

Major company highlights of 2015 include:

  • In September, the company recorded its highest month in production
    in company history. Total production for the month was a 51 percent
    increase
    over the same month the previous year.
  • The total amount of residential lending nationally is expected to
    increase by 10 percent in 2015 compared to 2014. Evergreen saw a 58
    percent increase in its total volume
    in consumer-direct
    origination sales for the same time period.
  • The company is expected to increase its loan servicing portfolio by 80
    percent
    by year-end.
  • Fourteen new branch offices were opened: Ellensburg, Enumclaw,
    Grandview, Marysville, Moses Lake, Omak, Penn Valley (California),
    Port Angeles, Portland, Sequim, Sumner, Vancouver, Vashon and Yakima,
    as well as a new regional operations center in Vancouver, Washington.
  • Loan officer productivity increased by 33 percent compared to
    2014 via enhanced technology and a dedicated focus on support for its
    production associates.
  • The company recently passed 500 associates for the first time
    in company history and was awarded the designation of one of
    Washington’s 100 Best Companies to Work For by Seattle Business magazine
    for the second year in a row.
  • Additionally, the company rolled out new products including a
    proprietary bridge loan and a proprietary construction financing
    product that provides homebuyers with combined construction-to-permanent
    financing
    in one loan transaction.
  • The company also launched a new product to serve those customers who
    have major credit blemishes in their recent past and cannot qualify
    for traditional financing. This product shortens some of the waiting
    periods for borrowers who pose a good credit risk yet may have
    suffered financial setbacks such as a bankruptcy, foreclosure or short
    sale.

“We’re really excited about our organic growth in 2015,” said Don
Burton, president of Evergreen Home Loans. “At the end of the day, our
success comes back to our people. We’ve built a great company culture at
Evergreen Home Loans that strives to help customers navigate one of the
biggest purchases of their life, buying a home.”

Evergreen Home Loans began with just five employees in West Seattle,
Washington, in 1987. Over the years the company has grown to more than
500 associates and 37 branches since its founding. Many regions within
the United States have experienced a banner year in the real estate
market, with rising rents, volatile inventory levels and unemployment
numbers falling to record lows. The growth of Evergreen Home Loans
helped to meet the increased demand of buyers.

Our loan officers have been able to step up and meet the demand
of the market in large part due to the company’s platform, thereby
raising the average production of each originator in 2015,” said David
Floan, executive vice president, loan production. “They’ve done it by
improving the standard of service that we deliver to our customers.
Every day we strive to deliver a ‘wow’ moment to our customers and
referral partners, and make sure loans close on time and as promised®.”

With the real estate market continuing to remain competitive, Evergreen
Home Loans has no plans of slowing down. The company is committed to
developing innovative products for consumers, meeting and exceeding new
industry standards while providing outstanding customer service at every
interaction.

About Evergreen Home Loans

Headquartered in Bellevue, Washington, Evergreen Home Loans is a
full-service direct lender with regional offices throughout the western
United States. For nearly three decades, Evergreen has served local
neighborhoods with affordable home loan products while focusing
exclusively on home lending. A+ rated by the Better Business Bureau and
a proud member of the Seattle Mortgage Bankers Association and the
Washington Mortgage Lenders Association, Evergreen offers a full range
of loan products including FHA and VA, Conventional, Jumbo, USDA loans,
refinancing, and construction financing programs. More information about
Evergreen can be found on its website at www.evergreenhomeloans.com.
Evergreen Home Loans is a registered trade name of Evergreen Moneysource
Mortgage Company® NMLS ID 3182. For individual and company license
information visit www.nmlsconsumeraccess.org/.

Contacts

For Evergreen Home Loans
Heather Fernandez, 206-343-1543
hfernandez@feareygroup.com