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Benchmark Mortgage, the Plano-based trade name of Ark-La-Tex Financial Services LLC, plans to exit its wholesale and correspondent mortgage business, Eleven Mortgage. The Dallas Business Journal reports that 82 permanent layoffs are expected to begin November 24, 2026. The company says it will focus on retail lending; the announced exit is not a closure of Benchmark Mortgage as a whole.
What is Benchmark Mortgage exiting?
Benchmark Mortgage announced on September 25, 2026, that it would leave the wholesale and correspondent lending business operated as Eleven Mortgage. The company said the change is intended to focus leadership and resources on its retail operations, technology, and employees. Benchmark Mortgage’s announcement
Wholesale lending generally involves mortgage companies working with outside loan originators or brokers, while correspondent lending involves originating loans that may then be sold to another lender. The announcement concerns those business lines, not all of Benchmark Mortgage’s operations. The company’s stated plan is to concentrate on retail lending.
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The Dallas Business Journal reported on October 2, 2026, that a September 25 notice filed with the Texas Workforce Commission lists 82 permanent layoffs, expected to begin November 24, 2026. The publication says the cuts affect wholesale and home-office departments. The underlying notice was not independently reviewed for this account, so the count, timing, and job details are attributed to the Dallas Business Journal’s report. Dallas Business Journal’s report
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Reported positions
- 16 underwriters
- Nine wholesale account executives
- Eight wholesale account managers
- Other wholesale and home-office employees, including people in leadership roles
Why is the company making the change?
CEO Norman Koenigsberg described the exit as a deliberate, strategic decision to simplify the business and concentrate resources on retail operations and employees. He said: “Our decision to exit the wholesale and correspondent mortgage division was deliberate and strategic. It allows us to simplify our business, sharpen our focus, and align our resources around the areas where we believe we have the greatest opportunity — our retail business, and most importantly, our people.” Benchmark Mortgage’s announcement
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What was Benchmark Mortgage’s reported market scale?
The Dallas Business Journal reported that Benchmark Mortgage originated $584.8 million in mortgage volume across 1,458 loans in 2025. The publication also reported a 1.45% market share and an average loan size of roughly $401,000 for that year. These figures provide context for the company’s reported activity; they do not describe the volume or performance of Eleven Mortgage alone. Dallas Business Journal’s 2025 figures
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