Among more than 2,000 people being hired for mortgage positions at four companies are originators, production personnel and servicing employees.
JPMorgan Chase & Co. is adding 200 positions in Milwaukee, media relations representative Tom Kelly said today in a statement to MortgageDaily.com. The hirings are similar to 250 Rochester, N.Y., hirings reported last month, Kelly said. The Rochester additions involved loan specialists, underwriters and mortgage processers.
The spokesman noted that Chase added more than 500 loan counselors during the first quarter. By the end of the summer, the New York-based institution expects to hire “at least 1,000 more loan counselors and others in mortgage servicing.”
Chase posts its job openings on its Web site.
On the other U.S. Coast, Mountlake Terrace, Wash.-based Golf Savings Bank today reported 170 hirings since November 2008 as part of an expansion of its lending platform. Golf, which also reported record mortgage closings, said it expects to add more sales and administrative positions.
Golf’s expansion included six new regional offices and was funded with the U.S. Department of the Treasury’s investment in parent Sterling Financial Corp. through the Capital Purchase Program. Sterling has $12.8 billion in assets.
North South East West Mortgage will launch as a full-service mortgage company in Overland Park, Kan., according to the local chamber of commerce. The company partnered with Community First Bank of Baltimore. North South expects to grow from 30 employees initially to 100 by the end of its first fiscal year.
A record number of refinance transactions at Expert Group Inc. is being accompanied by “a huge success from our recent marketing campaign to recruit originators,” a May 15 news release said. Seven originators have been hired so far, bringing originator headcount to 47.
“We are experiencing more inquiries than we can comfortably handle with our current staff,” the Miami-based company said.
Expert hopes to grow to 400 originators within 24 months.
Generation Mortgage Co. announced last month plans to hire high-producing reverse mortgage professionals across the country. The Atlanta-based reverse mortgage lender is accepting resumes by e-mail.
Generation also reported first-quarter originations of 1,405 home-equity conversion mortgages.
The launch of a mortgage-backed securities department led New York-based Miller Tabak Roberts Securities LLC to hire eight structured product positions. Among the unit’s initial business will be secondary sales and trading of non-agency prime, Alt-A and subprime residential MBS.
