The U.S. banking subsidiary of a Canadian bank is pushing deeper into the mortgage market with a new recruiting campaign.
TD Bank expects that demand in the United States for its home finance programs will increase during the coming years.
The Cherry Hill, New Jersey-based financial institution is an indirect subsidiary of
The Toronto-Dominion Bank in Canada.
On Monday, TD Bank announced plans to hire 79 mortgage loan officers.
The new recruits are intended to help the bank
transition to a new store referral model.
The originators will focus
on Boston, Philadelphia, New Jersey, the District of Columbia, New England and the greater New York City area.
With the addition of the new loan originators, the origination staff will reach 179.
“We empower our mortgage loan officer channel by providing open and clear communication, which enables them to be more successful and deliver a more convenient customer experience,” TD Bank General Manager, Residential Mortgage, Kevin Gillen said in the announcement.
Among the new recruits will be managing producers who will grow the business by maintaining responsibility for recruiting new originators, managing the production of a team of originators and driving business development.
Two years ago, when major mortgage players were laying off thousands of employees, TD Bank announced plans to
hire 140 experienced loan originators.
