Industry News August 20 2018

Eagle Home Mortgage Announces Appointment of Laura Escobar as President

Miami, FL - August 20, 2018 - Eagle Home Mortgage, a financial services subsidiary of Lennar Corporation, today announced that Laura Escobar, previously Executive Vice President of Eagle Home Mortgage, now leads the company as president.

Ms. Escobar is a 33-year mortgage industry veteran and joined Eagle in 2002. She assumed the role of EVP in 2016, in which she led all business operations for the company’s builder channel. Prior to this role, she served as SVP/Regional Manager, VP/Regional Manager and a Branch Manager. “Ms. Escobar’s ground level approach to every facet of the mortgage lending business has enabled her to lead and fully integrate all departments at Eagle,” said Bruce Gross, Chief Executive Officer of Lennar Financial Services. “I am confident that her knowledge of our business, our culture, our builder relationships and our associates will make for a seamless transition.”


Ms. Escobar’s ground level approach to every facet of the mortgage lending business has enabled her to lead and fully integrate all departments at Eagle


Ms. Escobar is preceded in the role of president by Jimmy Timmons, who in June announced his retirement, effective today. Mr. Timmons held the position of president since 2005 and has been associated with the Lennar Family of Companies for over 25 years. As president, Mr. Timmons grew Eagle Home Mortgage in many ways, most significantly in terms of geographic footprint, builder capture rate, revenue and profitability. John Badostain, Executive Vice President of the Eagle Home Mortgage Retail Channel, has also retired. Mr. Badostain joined the company in 2010 and led all aspects of retail sales and operations. “Many of our leaders have been with our company for the majority of their careers. I believe this speaks volumes about our company, our culture and our collective success,” said Mr. Gross. “I thank Mr. Timmons and Mr. Badostain for their professionalism and sound leadership and wish them well in their retirement.” 

About Eagle Home Mortgage

Founded in 1981, Eagle Home Mortgage is a full-service mortgage lender and proud member of the Lennar family of companies. Eagle offers a variety of home financing options and delivers a premier customer experience through its digital mortgage platform. The company operates in 42 states with more than 140 branch offices located throughout the country. Eagle's vision is enriching lives through a dedicated commitment to homeownership.

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