With declining rates driving up refinance activity and home purchase financing slowly rising, some lenders are responding to the increased demand by adding more employees.
Ditech Financial LLC's, which last month disclosed plans to convert St. Louis-area servicing employees to production employees, provided more details in a subsequent statement.
The Fort Washington, Pennsylvania-based company explained in a May 16 news release that the move is being made
in response to heightened customer demand for new loans.
"We place a very heavy emphasis on the customer experience at Ditech, and we've been creating additional touch points and further expanding our reach," Ditech Financial Senior Vice President of Mortgage Originations Steve Stein said in the statement. "Converting the site enables us to help more customers with their home ownership needs, whether it's buying a new home or refinancing their current mortgage."
Ditech, which plans to recruit additional employees for the site, provides employment information on its website at www.ditech.com/careers/.
Pacific Union Financial LLC reported earlier this month that it is experiencing phenomenal growth and expects to have a "record-breaking year."
In order to meet the needs of its growth, the Irving, Texas-based mortgage banking firm is expanding its staff, which currently stands at 1,600.
"We are a young company, but we're growing at warp speed -- so fast that our biggest struggle is hiring the highest quality talent to complement what I believe are the smartest and most passionate employees in the industry," Pacific Union Financial President and Chief Executive Officer Rick Skogg said in the statement. "With the best employees, our continued growth and success is inevitable, and this will be simply the first of many milestones to be achieved in 2016."
Information about working at Pacific Union is online at
In Fairfax, Virginia, New Penn Financial LLC is hiring 10 employees, a news release last month said. A job fair was held earlier this month. Among the open positions are junior processors, processors and team leads.
Philadelphia-based New Penn, which claims to be "one of the fastest growing lenders in the nation,"
reported a nationwide staff of 1,700 as of March 1.
promotes its employment opportunities at www.newpennfinancial.com/careers-family-of-companies.
Also recently adding 10 mortgage employees was First GREEN Bank in Orlando, Florida. A May 17 press release indicated that it relaunched its residential lending department.
Cary Berman, who was recently appointed president of the bank, reportedly has experience managing full-service residential mortgage platforms.
Job openings at First GREEN Bank can be viewed at www.firstgreenbank.com/about/careers/.