Mortgage Daily

Published On: May 7, 2009
Nearly 50,000 Mortgage Jobs OpenRecent mortgage hiring activity

May 7, 2009

By staff

Mortgage employers have recently filled more than 6,000 positions are looking to fill 46,000 more.In a recent conference call with reporters, Bank of America Home Loans President Barbara Desoer told that the Calabasas, Calif.-based company has been adding fulfillment staff to keep pace with increased refinance and purchase demand.

“We have stated that we’ve added 3,000 positions so far and are in the process of adding a thousand more,” Desoer said.

She noted that the home-retention staff — who handle collections, modifications and other loss mitigation activities — has doubled during the past year and now stands at 6,000.

BoA spokesman Rick Simon subsequently called to clarify that Desoer currently oversees 48,000 mortgage and insurance employees — though most are mortgage positions.

Paramount Residential Mortgage Group Inc. announced today that headcount has increased more than 50 percent this year. The Corona, Calif.-based mortgage banker said it currently employs 300 people throughout 14 branches in seven states.

Paramount, which projects $2.5 billion in production this year, originates through retail loan officers and mortgage brokers. It recently moved to a 22,000-square-foot office to accommodate a 50 percent increase in its corporate staff. The new facility includes a 100-person training room for new account executives, originators and other management and support personnel.

“Paramount Residential Mortgage Group’s move allows the company to centralize and scale operations, production, fulfillment, secondary marketing and interim servicing,” the statement said.

Value Financial, which claims to be a “top-20 FHA DE retail lender specializing in Reverse Mortgages,” is immediately adding 50 reverse mortgage specialists. The Miami-based firm — which reported $100 million in 2008 production — also said it has expanded into Texas, Georgia, Colorado and Oklahoma.

“Value is offering top commissions, signing bonuses under certain criteria, and access to health insurance and a 401K plan,” the announcement said.

Charlotte, N.C.-based Ameritrust Mortgage said Tuesday it is adding 40 Charlotte positions. A recruiting event is being held on May 15.

In all, U.S. employers are currently looking to fill 46,655 mortgage positions, according to Popular open positions include loan processors, mortgage underwriters and mortgage loan officers. Most of the jobs pay between $20,000 and $60,000 a year.

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