- 2013 - December - 12th -

EverBank cutting 302 jobs in Downtown and Southside

By Mark Basch, Contributing Writer

EverBank Financial Corp. filed a Worker Adjustment and Retraining Notice with the state Wednesday indicating it will cut 302 jobs in Jacksonville.

The positions being eliminated are at the Downtown EverBank Center and at the company's Southside campus at 8120 Nations Way.

EverBank spokesman Michael Cosgrove said some of the cuts are related to the Jacksonville-based banking company's recent agreement to sell off a piece of its mortgage servicing business to Green Tree Servicing LLC.

As part of that agreement, Green Tree agreed to hire 500 EverBank employees and take over three floors of EverBank's space at the EverBank Center.

Those workers will join Green Tree when the deal closes, which is expected in the first quarter of 2014. However, 194 EverBank jobs will be eliminated because of the deal, Cosgrove said.

The other 108 positions included in Wednesday's WARN notice are being eliminated in EverBank's home lending division in Jacksonville, due to an overall reduction in mortgage origination activity, Cosgrove said.

Despite the cutbacks, "we continue to invest in our home lending business and we remain highly confident about our ability to continue to grow market share through our retail, consumer-direct and correspondent lending channels," he said by email.

Before the job cuts, EverBank employed 4,096 people in total, 2,599 in Jacksonville and 1,693 in the EverBank center.

EverBank will still have eight floors in the downtown building after completing the Green Tree deal.


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