As announcements of thousands of mortgage layoffs by U.S. lenders seem to roll in each week, a Canadian company is adding more than a hundred U.S. mortgages jobs.
Rising mortgage rates and falling loan delinquencies have prompted the nation’s residential lenders to recently slash their staffing by thousands of mortgage employees.
Among recent casualties are employees of Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., SunTrust Banks Inc. and Wells Fargo & Co.
But TD Bank has announced that it is recruiting mortgage employees.
On Thursday, the Cherry Hill, N.J.-based company said it will hire 140 experienced loan originators.
The Toronto Dominion Bank-subsidiary said that it seeks to support its strengthening purchase business.
TD claims its mortgage production has grown annually at 29 percent since 2010.
“TD Bank’s loan origination strategy is focused on providing customers with simple products that are easy to understand and suited to their individual needs,” the statement said. “TD offers a simplified product set including FHA, conforming and jumbo loans at competitive interest rates with a legendary customer service experience.”
