A small mortgage company in Florida has big plans — including adding more than 350 loan originators.
Expert Financing currently originates between just 10 and 15 mortgages a month, owner and Chief Executive Officer Robert Rico told MortgageDaily.com in an interview today.
But the company, which focuses on loans insured by the Federal Housing Administration, has launched a television marketing campaign and assembled a staff of 40 originators to change that.
Expert’s support staff is currently comprised of just four employees.
An announcement today from the Miami-based company said it plans “to emerge as the leader in this new mortgage market.” But it is a pretty big leap from 15 loans monthly to the more than 40,000 per month originated by some of the biggest U.S. mortgage lenders.
Expert said in a July 2008 statement that it hoped to reach 100 mortgage loan officers by the end of last year. While it fell well short of that goal, Rico said the company will likely add another 50 originators by the end of this year.
Next year, Expert is projected to boost its South Florida staff of loan officers by another 300.
“Our plan is to expand our services by opening multiple locations primarily in Miami-Dade County; such location will be a community bank type of storefront in highly populated areas,” a press release from Expert said today. “We plan to open four new locations and expand to over 400 originators.”
Rico said jumbo originations may creep into their activity because of their location.
