Eagle Bank Mortgage Spreads Wings Across Four States

Eagle Bank Mortgage Spreads Wings Across Four States

Have you noticed that Eagle Bank & Trust’s mortgage department continues to spread its wings?

Eagle Bank of Little Rock now has a total of 30 loan officers in four states: Arkansas, Mississippi, Idaho and Louisiana, according to its website. As of late last year, Eagle had loan officers in Arkansas and Mississippi.

If you recall, Eagle’s mortgage department started only about three years ago and is led by Lee Welfel, president of mortgage lending.

When we talked with Cathy Owen, chairman at Eagle Bank, in November, she said that she expected the mortgage department to keep growing.

Eagle Bank’s total value of Arkansas mortgages originated in 2017 was $148.6 million, up 44.5 percent from 2016. That was good enough for the No. 8 spot on Arkansas Business’ list of largest mortgage lenders in the state.