✉news BusinessRetail first seen 11 h ago, last 29 min ago, peak #2
Benchmark shuts down wholesale lender Eleven Mortgage
Original: Benchmark shuts down wholesale division Eleven Mortgage, says it will focus on retail
Benchmark has closed its wholesale mortgage division, Eleven Mortgage, and says it will concentrate on its retail lending business going forward. The move ends the company's wholesale channel, meaning independent mortgage brokers who used Eleven Mortgage will need to find other lenders. The company did not detail layoffs or reasons for the shutdown in the announcement.
Why now: The shutdown affects brokers and borrowers in the mortgage market and signals Benchmark's strategic retreat from wholesale lending.
Rank over time, top of the chart is #1. 2 snapshots from 1 h ago to 29 min ago.
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