Mortgage Daily

Published On: August 8, 2006
AZ Company Seeks BoA Refugees

1st National Bank of Arizona adding jobs

August 8, 2006

By COCO SALAZAR

photo of Coco Salazar
An Arizona-based banker is looking to expand mortgage staff across 11 states.

1st National Bank of Arizona plans to accommodate 83 new workers by the end of the year, spokeswoman Natalie Beck told MortgageDaily.com.

“We are in a hiring mode,” she said. “It’s a combination of company growth and national employee attrition.”

Beck noted some of Bank of America’s laid off talent may be recruited.

By the end of this month, BoA will have eliminated about 200 mortgage loan fulfillment jobs. BoA said that although it was optimistic many of the affected employees would be placed in other growing businesses of the bank, none would be transferred into mortgage jobs.

About 45 percent of the planned hires for 1st National will be in Arizona. The remainder will be spread throughout its three sales operation centers located in Southern California, Virginia and Charlotte, N.C., as well as in Oregon, Washington, Indianapolis, Michigan, Pennsylvania, and South Dakota and North Dakota, Beck said.

The open positions include wholesale and correspondent account executives, loan processors, underwriters, wholesale inside sales, area sales managers, and project specialists, she added.

1st National says its wholesale, correspondent and warehouse divisions lend in 49 states and employ over 225 mortgage banking account executives.


Coco Salazar is an assistant editor and staff writer for MortgageDaily.com.e-mail: MortgageWriter@aol.com

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