Eustis Mortgage
Eustis Mortgage Corporation is a third-generation, family-owned independent mortgage bank headquartered in New Orleans, originating and servicing FHA, Conventional, VA, USDA, Renovation, Jumbo, Bridge, and Reverse mortgages across multiple states via a licensed loan officer network and its proprietary Confirmed Buyer program.
- Company typePrivate
- Founded1955
- HeadquartersLa, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Eustis Mortgage does
Eustis Mortgage Corporation is a third-generation, family-owned independent mortgage banking company headquartered in New Orleans, Louisiana, founded circa 1955 and operating continuously for 70 years. The company originates and services residential mortgage loans across multiple states under NMLS# 70345, with a product menu spanning FHA, Conventional, VA, USDA, Renovation, Jumbo, Bridge, and Reverse (HECM) loans. Its proprietary "Confirmed Buyer" program provides upfront underwriting that makes buyer offers competitive with cash offers and enables closings 7-10 days faster than standard pre-approvals.
The firm distributes primarily through a state-organized network of licensed loan officers searchable via its bilingual (English/Spanish) website, supplemented by online loan applications, a mortgage calculator, educational resources (Mortgage 101), and a post-closing servicing portal operated through Willow Servicing. Leadership includes CEO Kate deKay (third-generation owner and Mortgage Bankers Association board director), CIO Ray Rios, SVP of Capital Markets Timothy Ieyoub, SVP of Quality Control/Compliance Lore Haines, and additional VPs spanning operations, underwriting, processing, and strategic lending initiatives. Technology is described as standard mortgage lending infrastructure supporting origination, processing, underwriting, and servicing, with no disclosed AI/ML components.
Revenue is generated through (1) one-time origination fees and gain-on-sale margins on loans sold into the secondary market, (2) recurring loan servicing fee income on the retained servicing portfolio (PITI collection, escrow management), and (3) reverse mortgage origination and servicing revenue. The firm emphasizes relationship-driven go-to-market, community engagement (Habitat for Humanity, Youth Empowerment Project, disaster relief), low staff turnover, and customer referrals, supported by nearly 13,000 five-star Google reviews cited on company materials. Ownership is closely held by the deKay family with no disclosed institutional investors or external funding rounds.
Eustis Mortgage firmographics
Firmographics- Name
- Eustis Mortgage
- Legal name
- Eustis Mortgage Corporation
- Website
- https://eustismortgage.com
- Company type
- Private
- Founded year
- 1955
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Eustis Mortgage Corporation is a third-generation, family-owned independent mortgage bank headquartered in New Orleans, originating and servicing FHA, Conventional, VA, USDA, Renovation, Jumbo, Bridge, and Reverse mortgages across multiple states via a licensed loan officer network and its proprietary Confirmed Buyer program.
- Ownership category
- akta.pro rank
Eustis Mortgage industry classification
Industry- Product category
- Residential Mortgage Lending
- NAICS
- Real Estate Credit (522292)
- SIC
- Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- Purchase Mortgage Origination (Homebuyer Focused) (FSALAAAD)
- akta.pro secondary industries
- Government-Insured Mortgage Origination (FHA/VA/USDA) (FSALAAAI), Renovation Mortgage Origination (FHA 203(k), HomeStyle, CHOICERenovation) (FSALAAAL), Reverse Mortgage Origination (HECM & Proprietary) (FSALAIAA)
Keywords
Where Eustis Mortgage is headquartered
LocationHeadquarters
- HQ city
- La
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Eustis Mortgage business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Mortgage Loan Origination: Eustis Mortgage originates mortgage loans including FHA, Conventional, VA, USDA, Renovation, and Jumbo loans. Revenue is generated through origination fees charged to borrowers at closing, as well as gain on sale when loans are sold into the secondary market.
- Loan Servicing: The company services loans post-closing, collecting monthly mortgage payments including principal, interest, taxes, and insurance (PITI). Servicing revenue comes from fee income on payment processing, escrow management, and ongoing account administration.
- Reverse Mortgage Products: Home Equity Conversion Mortgages (HECM) for homeowners aged 62+, offered through certified reverse mortgage professional Sue Milligan. Reverse mortgages generate origination revenue and ongoing servicing income.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | FHA Loans - Flexible options with low down payments |
| Other | Monthly | Conventional Loans - Better terms and lower rates |
| Other | Monthly | VA Loans - 100% financing for military personnel |
| Other | Monthly | USDA Loans - $0 down in rural areas |
| Other | Monthly | Renovation Loans - Finance home improvements |
| Other | Monthly | Jumbo Loans - Large loan amounts |
| Other | Pay-as-you-go | Reverse Mortgages (HECM) - Income from home equity |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Eustis Mortgage product offering
Product offeringCore offering
Eustis Mortgage Corporation originates and services residential mortgage loans for individual homebuyers and homeowners, offering FHA, Conventional, VA, USDA, Renovation, Jumbo, Reverse Mortgage (HECM), and Bridge Loan products. The company distributes through a network of licensed loan officers and digital channels, and provides post-closing loan servicing through an integrated payment portal.
Product overview
Eustis Mortgage offers a comprehensive mortgage lending platform providing multiple loan products including FHA, Conventional, VA, USDA, Renovation, Jumbo, and Reverse Mortgages, along with the proprietary Confirmed Buyer Program for competitive home offers. The company has been in business for 70 years, operating primarily in Louisiana and surrounding states, with loan servicing handled through Willow Servicing.
Differentiator
Problem solved
Functional benefit
Products and services
- FHA Loans
Quantifiable outcome
- Confirmed Buyers close 7-10 days sooner than standard pre-approved buyers
- +2 more outcomes
Companies that use Eustis Mortgage
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles7 records
Eustis Mortgage technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature1 record
Eustis Mortgage partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights6 records
Eustis Mortgage competitors and assessment
Company assessmentDirect peers
- Homebridge Financial Services: Mid-size mortgage lender with retail and wholesale channels offering FHA, VA, USDA, Conventional, and renovation products. Comparable independent mortgage banker profile with multi-state LO network.
- PrimeLending: National retail mortgage banker offering FHA, VA, USDA, Conventional, and Jumbo loans through a branch and LO network. Highly comparable retail origination model and product breadth to Eustis.
- Fairway Independent Mortgage: Mid-size retail mortgage banker with similar LO-driven retail model, broad government and conventional product offering, and multi-state branch footprint. Closest direct competitor to Eustis in business model and scale.
- Guild Mortgage: Mid-size retail mortgage lender with comparable diversified product menu including FHA, VA, USDA, and renovation loans. Similar relationship-driven retail origination model and multi-state branch network.
- Cornerstone Home Lending: Mid-size retail mortgage banker with comparable diversified product menu and LO-driven retail model. Closely comparable to Eustis in scale, geographic multi-state footprint, and relationship-based origination strategy.
Broad incumbents
- loanDepot: National retail and wholesale mortgage lender offering purchase and refinance products including FHA, VA, and conventional. Comparable diversified product suite and multi-channel distribution, though at materially larger scale than Eustis.
- Rocket Mortgage: Largest US retail mortgage lender and fintech pioneer. Comparable origination product set (FHA, VA, Conventional, Jumbo) but competes via direct-to-consumer digital channel rather than Eustis's LO-led relationship model.
- Caliber Home Loans: Large non-bank mortgage originator with retail and correspondent channels offering diversified residential products. Comparable government-insured and conventional origination focus, with greater scale and capital base.
- United Wholesale Mortgage: Largest US mortgage lender focused on wholesale/broker channel. Comparable as an independent mortgage banker offering government, conventional, and jumbo products, though at much greater national scale than Eustis's retail focus.
- NewRez (Shellpoint Mortgage Servicing): National mortgage originator and servicer with retail, wholesale, and correspondent channels. Comparable origination products plus integrated servicing capability that Eustis outsources to Willow Servicing.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Eustis Mortgage social profiles
Digital presenceEustis Mortgage compliance and trust
Trust signalCompliance1 record
Eustis Mortgage financial estimates
Financial estimateRevenue estimate
Valuation estimate
Eustis Mortgage leadership team
Management profileNumber of profiles
Profiles12 records
Eustis Mortgage funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Eustis Mortgage M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Eustis Mortgage
What does Eustis Mortgage do?
Eustis Mortgage Corporation originates and services residential mortgage loans for individual homebuyers and homeowners, offering FHA, Conventional, VA, USDA, Renovation, Jumbo, Reverse Mortgage (HECM), and Bridge Loan products. The company distributes through a network of licensed loan officers and digital channels, and provides post-closing loan servicing through an integrated payment portal.
Is Eustis Mortgage a public or private company?
Eustis Mortgage is a private company. It is classified as family owned and is currently operating.
When was Eustis Mortgage founded?
Eustis Mortgage was founded in 1955. It employs 101 to 250 people.
Where is Eustis Mortgage based?
Eustis Mortgage is headquartered in La, United States, in the North America region.
How does Eustis Mortgage make money?
Three revenue lines are on record. Mortgage Loan Origination is the primary driver. The others are loan Servicing and reverse Mortgage Products.
Who are Eustis Mortgage's main competitors?
Direct peers on record are Homebridge Financial Services, PrimeLending, Fairway Independent Mortgage, Guild Mortgage and Cornerstone Home Lending. Broad incumbents are loanDepot, Rocket Mortgage, Caliber Home Loans, United Wholesale Mortgage and NewRez (Shellpoint Mortgage Servicing).
Does Eustis Mortgage have an API?
No public API is recorded for Eustis Mortgage.
What industry is Eustis Mortgage in?
Eustis Mortgage's product category is Residential Mortgage Lending. Its primary akta.pro industry code is FSALAAAD, Purchase Mortgage Origination (Homebuyer Focused), with a secondary code of FSALAAAI, Government-Insured Mortgage Origination (FHA/VA/USDA). Its NAICS code is 522292 and its SIC code is 6162.