Although rising interest rates and falling delinquencies are forcing many mortgage companies to scale back their staffs, some firms are still recruiting. Two mortgage employers will have an easier time attracting quality employees as a result of being recognized among the best local employers.
When Cole Taylor Bank announced in June an agreement to acquire a mortgage servicing platform from Liberty Savings Bank, FSB, the Chicago-based financial institution said it expected to hire all of Liberty Savings Bank's 50 servicing employees by September.
The deal included servicing rights on approximately 4,600 home loans that will continued to be serviced from Liberty Savings Bank's servicing platform in Wilmington, Ohio, until Liberty's employees made the transition to Cole Taylor.
Cole Taylor Mortgage Senior Vice President Marketing subsequently confirmed that around 140 more jobs are expected to be created in Ohio over the next three years. The new servicing jobs range from clerical employees to senior managers.
Cole Taylor Mortgage previously reported a staff of 564 as of Dec. 31, 2012. (Cole Taylor careers)
Waterstone Mortgage Corp. added 33 employees during June, according to a July 8 news release. The employees are housed in offices in Florida, North Carolina, Ohio and Wisconsin.
Pewaukee, Wis.-based Waterstone said it employs more than 500 people in 12 states.
Between May 1 and July 11, Brookfield, Wis.-based Inlanta Mortgage said it brought on 14 new employees. The new hires work in Illinois, Missouri and Wisconsin.
Inlanta said it still has openings at its corporate office and at branches including loan processors, mortgage underwriters and other loan production positions. Headcount stands at 220 employees at 32 branches in 16 states.
A press release last month said that Churchill Mortgage added 11 employees in July. The positions are in Georgia, Tennessee, Texas, Virginia and Washington. So far this year, the Brentwood, Tenn.-based company has hired 80 people.
Churchill previously reported that staffing stood at 340 people as of June 30. (Churchill careers)
Six wholesale account executives were hired by 360 Mortgage Group, an Aug. 5 announcement indicated. The Austin, Texas-based firm said the new recruits will handle mortgage brokers in Illinois, Nevada, Ohio, Tennessee and Wisconsin.
A new office in the Dallas-suburb of Farmers Branch will hold up to 250 Pacific Union Financial LLC employees, the Dallas Morning News reported. The company is moving from a nearby location. Senior Marketing Manager Sue LeBlanc and spokesman Jeff Carrington both initially promised details about how many new hirings were involved but failed to provide the information.
Florida Trend Magazine ranked FBC Mortgage 24th among mid-sized companies to work for in Florida, an Aug. 1 announcement said. A total of a hundred firms with at least 15 employees each were reportedly recognized among small, medium and large companies. Participating firms had to be at least a year old.
"Companies that chose to participate underwent an evaluation of their workplace policies, practices, philosophy, systems and demographics," the Orlando, Fla.-based lender said. "The process also included a survey to measure employee satisfaction. The combined scores determined the top companies and the final ranking."
The San Diego Business Journal recently recognized Samuel Scott Financial Group among its Best Places to Work for the second year in a row, an announcement last month said.
"Winners of the Best Places to Work are determined by a two-part survey evaluating policies, practices, philosophy and systems followed by an employee survey to measure experience," the statement said. "Those chosen have successful practices including: rewarding hard-working employees, investing in employee training, offering wellness programs, and providing opportunities for team-building and social activities."