Mortgage Daily Logo

Mortgage Recruitment Journal

Mortgage News

Mortgage firms are hiring, and many of the positions being filled are in mortgage servicing. But an increase in refinance volume is also raising the demand for production personnel.

Jacksonville, Fla., is among cities that JPMorgan Chase & Co.’s home lending division is considering for a new site that will house 250 full-time mortgage servicing jobs, according to a legislative fact sheet from the Jacksonville Economic Development Commission. The city is competing with locations in Ohio and Texas. The jobs pay an average wage of $53,000. In connection with a potential deal, ordinance 2011-662 was presented on Oct. 11.

Chase already employs more than 14,573 people in Florida, including 3,800 servicing employees in Jacksonville.

In Ohio, Chase said in April that it was looking to fill as many as a thousand mortgage jobs in the Columbus area.

The Columbus Dispatch reported in September that as many as 670 of the openings had been filled, and another 450 were still open. The New York-based company already has more than 17,000 employees in the area.

Headcount at Wingspan Portfolio Advisors has grown to nearly 500 employees, Founder and Chief Executive Officer Steve Horne said in an interview during September. Staffing has grown from just 300 employees as of February.

Many of the employees work at the company’s headquarters in Carrollton, Texas, though around 20 work from their homes in various parts of the country, Horne said.

Around 249 mortgage jobs are currently open at Wells Fargo & Co. Sales jobs account for around 124 of the positions, while 110 are in credit and 15 are in operations. The openings are in several states, though there is a concentration in Minnesota where it reportedly employs 20,000 people.

Wells Fargo said in August that it was recruiting 90 employees in the Minneapolis area to handle elevated refinance activity.

Published reports indicate that U.S. Bancorp was recruiting 170 mortgage servicing employees in August for a St. Louis facility, though spokeswoman Lisa Clark ignored a request to confirm this. The total St. Louis staff for the bank sat at around 3,750.

Caliber Funding LLC currently has 39 job openings in several states including California, Florida, Illinois and Texas. The openings at Irving, Texas-based Caliber, which is backed by Lone Star Funds, include a variety of jobs in loan production.

Caliber Funding Chief Executive Officer Brian Simon reportedly told National Mortgage News in September that he hoped to hire more than a hundred loan originators over the following few months.

A news release last month from Mortgage Network Inc. indicated it is recruiting online at www.mortgagesalescareers.com. In response to a request for details about the hirings, Mortgage Network Executive Vice President Brian Koss explained that nine loan officers were recently hired, and “We expect to double or triple this market and on the East Coast.”

Koss added, “As opposed to the larger companies who look to hire armies, we are looking for the best according to our standards.”

The mortgage staff at First Internet Bancorp recently doubled to 16 as the Indianapolis company added seven account representatives and a second division manager, according to an Aug. 25 announcement. The staff additions were made as the company sees “unprecedented growth in its mortgage lending business.”

Orange County, Calif. — once the epicenter of the subprime mortgage industry — added 100 mortgage jobs during August, the Orange County Register reported.

Ginnie Mae President Ted Tozer hopes to expand his staff from 88 full-time employees to 103 by Sept. 30, 2012, National Mortgage News reported.

Related Posts

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

There is No Such Thing as a Free House …

Over the past several years, those who service loans in the State of Washington(1) have seen a dramatic rise in the number of lawsuits in which delinquent borrowers seek to quiet title to their homes on the grounds that lenders are barred from foreclosing based on...

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

The Mortgage Graveyard 2018 Archives

The Mortgage Graveyard 2018 Archives Failed, Struggling and Acquired Mortgage-Related Companies Non-Bank Closures 3 Bank Failures (FDIC) 0 Credit Union Failures 0 Total Mortgage-Related Failures 3  

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

Sample E-Mail

Sample E-Mail   Covering the Real Estate Finance Since 1999  Mortgage Industry News free news content | view headlines online  Advertorial Text Ad This ad includes a linked bold headline of up to 50 characters and up to 100 words of text. The ad can be...

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

Mortgage Servicer Portfolios

Mortgage Servicer Portfolios servicing news | mortgages outstanding statistics | foreclosure news   Servicing Portfolios as of 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 Residential Servicing Portfolios by Servicer...

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...

Newsletter

Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI