A mortgage lender with wholesale and net branch operations has added more than 100 employees this year and plans to add another hundred.
NetMore America Inc., launched in 2006, originated just $14 million last year, a company spokesman told MortgageDaily.com today.
But this year, the WALLA WALLA, Wash.-based company projects more than $500 million in mortgage production.
The regional lender, which originates through both retail net branches and a wholesale channel, hired Lisa Schreiber as chief strategy officer to help it grow into a "next generation mortgage banker," an announcement today said. Among positions she has held during her 21-year mortgage career was executive vice president at American Brokers Conduit.
Schreiber will oversee the corporate culture, technology platform and branding.
NetMore says 60 percent of its business is conforming, while 40 percent is FHA.
Its president and chief executive officer, Mark Freedle, said NetMore's "already impressive senior management team" will help it "become one of the most successful next generation mortgage banking firms in the nation." The management team has reportedly worked together since 1997.
Headcount at the firm is currently 150 -- with 117 of its employees added just this year.
During the next 12 months, NetMore expects to hire another 100 employees.