Benchmark shuts down wholesale division Eleven Mortgage, says it will focus on retail

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HousingWire reports that Benchmark Mortgage is winding down Eleven Mortgage, its wholesale and correspondent channel, in order to concentrate on retail operations. The move closes off one path for brokers and investors who had relied on that division for financing, and it reflects the broader pressure on wholesale operations as firms reassess where margins and volume hold up best. For the moment, the only confirmed detail is the strategic shift itself: wholesale and correspondent out, retail in.

That consolidation leaves some market participants with one fewer wholesale option, particularly real estate investors and self-employed borrowers whose files do not fit standard retail templates. loantrust.ai operates directly in this space, originating both consumer and investor mortgages through programs built for non-standard qualification: DSCR loans underwritten on property cash flow rather than personal income, bank-statement programs for self-employed borrowers, and bridge, fix-and-flip, new-construction, and multifamily financing. Each file is packaged by one licensed mortgage loan originator, not routed through a call center, which means the structure of the process matches the complexity of the loan.

The value of that pairing shows up when channels narrow. A retail-only environment tends to standardize what it will accept; investors, flippers, and borrowers with irregular income documentation need a dedicated partner rather than a transactional call center. loantrust.ai sits on the other side of that gap, with programs designed for exactly the situations retail consolidation tends to screen out.