Evolve Bank & Trust NMLS #509256
At a glance
- HeadquartersWest Memphis, AR
- Size477 home loans closed in 2025
- Loan typesConventional, FHA and VA
What it closes
Share of its 2025 home loans: 76% Conventional, 17% FHA, 6% VA and 1% Other types.
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Who is Evolve Bank & Trust?
Evolve Bank & Trust (NMLS #509256) is a lender listed in the NMLS registry. FreeRateUpdate publishes this review alongside current mortgage rates, a rate finder, and mortgage calculators.
Key Facts
- Lender or brokerEvolve Bank & Trust
- NMLS #509256
- Verified by FreeRateUpdateCompany name and NMLS ID, checked against NMLS on
- In the FreeRateUpdate network since
- Profile updated
- Biography reviewed byPaige Sutton, NMLS #1888684 ()
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Bank facts
Evolve Bank & Trust held $1,188,644,000 in total assets as of June 30, 2026, per the FDIC (certificate 1299). The FDIC and NMLS records both place it in West Memphis, Arkansas. FDIC deposit insurance covers deposits held at the bank. It is the bank's coverage and does not extend to any mortgage.
About Evolve Bank & Trust
Overview
Evolve Bank & Trust is a mortgage lender with home-loan originations reported for 2025. Its primary regulator is the Board of Governors of the Federal Reserve System.
Mortgage options
In 2025 it made conventional, FHA and VA loans. Its loans that year were for home purchases, refinances, cash-out refinances and home improvement.
Locations
Evolve Bank & Trust has three branches in Delaware and Maryland.
Company details and licensing
The legal entity name is Evolve Bank & Trust. Its headquarters are at 301 Shoppingway Blvd, West Memphis, Arkansas 72301. Its NMLS company ID is 509256. Licensing is verifiable through NMLS Consumer Access.
Verify NMLS #509256 on NMLS Consumer Access
Sources
Sources last checked . These are the outside records this profile was written from. FreeRateUpdate is not affiliated with them, and they have not reviewed, endorsed, or approved FreeRateUpdate or this page.
Additional information
Reported application outcomes and pricing, 2025
- Filed asEvolve Bank & Trust
- 2025 home loan decisionsOf 547 applications decided by Evolve Bank & Trust in 2025, 477 were originated, 14 were approved but not accepted by the borrower, and 56 were denied.
- Approval rate: approved (originated plus approved but not accepted) as a share of applications decided (approved plus denied) = 89.8%. Withdrawn, incomplete and purchased loans are not counted.
- Withdrawn, incomplete and purchasedBeyond the decisions above, 120 applications were withdrawn by the borrower, 0 were closed for incompleteness, and 4 loans were purchased from another lender. HMDA counts these as outcomes in their own right — withdrawn before a decision, closed with no decision reached, and a purchased loan is one bought from another lender — and none of them is a lending decision.
- Median rate spread0.162 percentage points above the average prime offer rate (reported on 275 originations, 202 reported no spread at all — a median of what was reported, not of everything originated)
These are reported outcomes from past applications, and on their own they do not show how this lender treated any borrower.
Reported closing costs, 2025
- Median total loan costs$5,933.36 — originated closed-end household loans, 2025, 275 loans. FFIEC HMDA data browser.
- Median origination charges$1,640.32 — originated closed-end household loans, 2025, 275 loans. FFIEC HMDA data browser.
- About these figuresThese are historical closing costs reported in the 2025 filing, not a quote for your loan.
Reported product mix, 2025
- Loan types363 Conventional, 83 FHA, 28 VA, 3 USDA — of 477 reported originations, 2025. FFIEC HMDA data browser.
Evidence read October 20, 2026
Source: FFIEC HMDA data browser, 2025 filing. Historical HMDA-reported application outcomes and pricing fields for Evolve Bank & Trust — historical outcomes for the applications it decided. This is not a statement of any consumer's likelihood of approval and not a current rate quote.
Frequently Asked Questions
What is Evolve Bank & Trust's NMLS number?
Evolve Bank & Trust's NMLS number is 509256. You can look up its license status on NMLS Consumer Access, at nmlsconsumeraccess.org.
Has FreeRateUpdate verified Evolve Bank & Trust's NMLS ID?
Yes. We checked Evolve Bank & Trust's company name and NMLS ID against the NMLS record on October 14, 2026. They've been in our lender network since April 2011. That confirms who the company is. It isn't an endorsement, and it doesn't check their license in any particular state.
Where can I learn more about Evolve Bank & Trust?
This page has Evolve Bank & Trust's NMLS identity, which we verified, and its company details, with links to the records they come from where we have them. For its license status in a particular state, check NMLS Consumer Access.