A growing mortgage servicer that is based in Colorado is expanding west and creating hundreds of jobs in the process.
A new mortgage servicing facility has been opened by Specialized Loan Servicing LLC in Tempe, Ariz., a news release Tuesday said.
Located near Phoenix, Specialized says the Tempe area provides an “impressive and experienced talent base.”
The new 40,000-square-foot facility will enable the Highlands Ranch, Colo.-based company to “strategically grow its operations and client service capabilities.”
More than 250 jobs are being created at the Tempe facility, according to the statement.
Specialized isn’t the only mortgage company that was attracted to the Tempe area for its human resources. In May, BBVA announced plans to recruit 140 mortgage professionals in the city, while JPMorgan Chase & Co. said a year ago that it was filling 310 mortgage positions in Tempe.
Specialized said that job openings include opportunities for bi-lingual prospects. Among the openings are management roles and relationship specialists.
Staffing at Specialized stood at 618 associates as of Oct. 31, 2011.
Data from Moody’s Investors Service, which upgraded Specialized’s servicer rating in December 2011, indicate that Specialized serviced 214,000 loans for $16.1 billion as of Oct. 30, 2011.
Today’s announcement said that the servicing portfolio has grown to 248,000 loans for more than $27.5 billion.
“The opening of our Arizona location marks a significant step for our business,” Specialized Chief Executive Officer John Beggins said in the statement. “Our expanded operations, capacity and business continuity programs will allow us to best serve the needs of investors and customers.”
Nine-year-old Specialized was acquired on Nov 30, 2011, by Computershare Limited.
