Mortgage Daily Logo

Firm to Add 1000 NC Jobs

Mortgage News

A financial services outsourcing firm plans to take advantage of the rich pool of employee prospects in North Carolina and add more than a thousand jobs there.

During the next five years, Zenta Mortgage Services plans to create 1,002 new jobs, North Carolina Gov. Bev Perdue announced today. The jobs will be located in Charlotte, where the company already has 263 employees.

New York-based Zenta provides outsourcing services to financial services companies. Among its residential offerings are servicing, originations and default services. On the commercial mortgage side, Zenta offers due diligence, servicing and investor services.

On its Web site, Zenta said it is currently recruiting experienced mortgage underwriters, mortgage processors and closers.

It will start its hiring in January.

The average annual wage for the new jobs is $47,900, according to today’s news release.

In the statement, Perdue and Zenta Chief Executive Officer Henry Hortenstine highlighted Charlotte’s strong pool of prospective financial services employees.

Bank of America Corp. is based in Charlotte, while Wachovia Corp. had its headquarters there before being acquired by Wells Fargo & Co.

North Carolina’s Economic Investment Committee voted to award a job development investment grant of as much as $8.6 million. The grant works out to 60 percent of state personal income withholding taxes generated from the new jobs for each of nine years that Zenta meets annual performance targets.

Zenta will invest $2 million as part of the expansion.

The state said it could see nearly $3 million added to its industrial development fund for infrastructure improvements in economically distressed counties as a result of the deal.

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

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 Last Updated December 14, 2018...

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

Fannie Mae Profile

Last Updated December 27, 2018 7:38 PM Central   full list | other directories | bank search | SEC filings | execs | m&a | production   Government Takes Over Fannie, Freddie Sept. 8, 2008 The government has seized control of Fannie Mae and Freddie Mac. The move --...

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

Freddie Mac Profile

Government Takes Over Fannie, Freddie Sept. 8, 2008 The government has seized control of Fannie Mae and Freddie Mac. The move -- which is likely to push mortgage rates lower and provide a sense of stability for the more than 10,000 employees at both companies -- is a...

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