A wholesale nonprime lender said it will add 800 new employees to its Washington state staff by 2006.
MILA Inc., which also does business as Mortgage Investment Lending Associates, announced that its CEO Layne Sapp purchased an office building in Lynnwood, Wash. With the expansion, the lender estimates it will hire 800 new employees over the next three years.
The hirings will cover a variety of mortgage lending positions, MILA spokeswoman Michelle Homes told MortgageDaily.com.
The company's employees and additional tenants are expected to move into the building in late fall.
MILA said its local employee count will exceed 1,000, and total approximately 1,200 nationally including branch offices in Arizona and Missouri.