An Ohio-based mortgage company plans to add as many as 100 new loan originators in its home state and in Florida by September.
Residential Finance Corp. is adding the new positions at its Columbus headquarters and in Tampa, Fla., an announcement today said.
The company said it expects to hire between 75 and 100 people during the third quarter.
Residential Finance noted nearly 1,000 loan officers have become unemployed in Ohio because of the housing market slowdown. The figure is even worse in Florida.
"We'd like to invite those seasoned loan officers with extensive mortgage banking experience and a commitment to excellence to give us a call," company President Michael Isaacs said in the press release.
Residential Finance, which said it is "Full Eagle" certified by the Federal Housing Administration, claims it continually invests in technology, training and marketing. It is offering 25 hours of "intense mortgage training."
In 2005, Residential Finance was sued by four Florida commission-only loan officers over accusations of failing to pay minimum wages and overtime compensation. But an executive for the company at the time denied any wrongdoing and said he suspected the litigation was motivated by retaliation for a business theft case that was pending against some of the originators.