Global to Add More Than 100 Positions During Next 12 Months

Global Home Loans and Finance recently announced it moved to Melville, N.Y., to accommodate company expansion and to offer more opportunities to homebuyers.

“We are experiencing a rapid growth and will continue to expand on local, regional, and national levels,” company CEO William Alvaro said in a written statement. “Our move is the result of internal growth and the need for a larger space. In addition to enabling continued growth, our move allows for the provision of expanded choices to local homebuyers.”

The retail mortgage lender, which was previously located in Hauppaugi, N.Y., currently has about 400 virtual loan originators, 50 in-house loan officers and 34 branches, according to company spokeswoman Tara Tuschinski. Much of the company’s growth occurred within the past six months, during which time Global reportedly added 120 virtual loan originators, 45 in-house loan officers and 18 branch networks.

Global forecasts it will reach over $1 billion in loan volume by the end of 2004 and expects 85% of it will be generated in the remaining portion of the year, Tuschinski said.

While other companies experiencing decreased volumes are having to layoff staff, “one of [Global’s] major efforts is to recruit more people,” Tuschinski said.

Global plans to hire an additional 40 in-house loan officers by the end of 2004, the spokeswoman added. While the company does not have a concrete estimate of hirings beyond this year, Tuschinski said Global will continue hiring about 10 to 20 in-house loan officers per month throughout 2005.