Mortgage employers are recruiting, though the numbers are small and the locations are spread out. More than a dozen Dallas positions are open, while two firms are recruiting in Southern California and another pair of companies have jobs open on the East Coast. An appraisal management company is hiring more than 150 new employees.
Foundation Financial Group announced in June plans to hire in the Dallas area. A company spokesman said in a written statement that around 18 job additions are planned. Foundation, which is based in Jacksonville, Fla., said that it spends around $7,780 on fringe benefits for each of its employees. It also conducts executive management programs.
"These positions include entry-level and high-wage positions as sales professionals, telemarketers, sales managers and licensed loan officers," the spokesman said.
In Lake Forest, Calif., Covenant Mortgage announced expansion plans in June. The company seeks experienced loan originators with existing books of business and proven track records.
Covenant requests that loan officer prospects contact Harvey Grossberg at 949.276.8536.
JPMorgan Chase confirmed last month that it plans to hire up to 400 employees this year in San Diego and Riverside Counties. Mortgage loan operations jobs, some in Rancho Bernardo, are among a host of positions being filled.
However, a Chase spokesman indicated in a written statement that "relatively few" of the hirings will be in mortgage lending.
In May, Chase announced that it planned to hire 100 Denver employees and held a job fair. Half of the openings were for personal bankers, while the rest were a mix of positions including mortgage loan officers.
Community Bank & Co. held a "speed-dating" style job fair in St. Petersburg, Fla., in July. The intention was to make on-the-spot hiring decisions.
Among the 25 open positions at Community Bank were "experienced mortgage lenders with an entrepreneurial spirit" and residential underwriters.
With more than a quarter century each under their belts at Wachovia Corp., Melanie Orlando and Bob Weber launched Envision Mortgage Corp.
Orlando told MortgageDaily.com that they had immediate plans to hire 10 to 15 mortgage professionals to work from their headquarters in Wilmington, N.C. By the end of this year, the company's goal is to have a staff of more than a hundred employees, depending on market conditions.
"We are now operational and in the process of recruiting, hiring and training loan officers," Orlando stated.
BancorpSouth lured 23 mortgage employees from Superior Bank in Birmingham, Ala., The Birmingham News reported. Additional hirings in the state are reportedly planned.
Out of more than 700 applications for mortgage banking internships, Quicken Loans Inc. said in June that it hired 200 summer interns. Among the schools they attend are Wayne State University, Eastern Michigan University and the University of Michigan.
More than 150 jobs are expected to be created at StreetLinks Lenders Solutions in South Indianapolis, Ind. In a television interview with Inside Indiana Business, Steve Haslam, chief executive officer of the appraisal management company, said the company already employs 400 people.
"Basically two key positions," Haslam said of the open jobs, "Front-line service employees who deal with our appraisers and deal with our lender clients every day on every question and communication they have. And the other 50 percent are these quality-control experts that manually review the appraisals and make sure they meet all the standards required."