Mortgage Daily

Published On: December 8, 2004
Amerisave Adding Origination, Production EmployeesSubprime expansion occurring in Atlanta

December 8, 2004


Production personnel looking for employment in Atlanta will benefit from the subprime expansion next year of one mortgage company.

At a time when rates are rising and refinances are dwindling, Amerisave will quadruple its staff throughout 2005, according to spokesman David Herpers. The online lender strategically pushed into the subprime market about eight months ago and plans to widen its presence in this sector, Herpers said.

The Atlanta, Ga.-based company, which launched in July 2002, reports production of $2.5 billion since January 2003.

While most of its revenue has been derived from prime loans, within the next year Amerisave estimates subprime loans will account for about 50% of its total revenue.

In line with its business model, Amerisave is counting on approximately 200 new subprime employees to fuel and service nonprime business. Of the total hirings expected to be in place by the end of next year, 158 will be subprime loan advisors. The rest of the new hires will consist of loan processors, loan closers, and sales managers, as one of each is assigned to a team of 8 to 12 loan advisors.

Amerisave will hire about 12 subprime loan advisors per month until it extends its current number of 42 employees in this position to 200.

The employees will be housed in Amerisave’s national call center in Atlanta. The company currently employs about 80 people.

Future plans of the lender, which says it serves in 41 states via its Web site and ranks as one of the top 15 U.S. online mortgage originators, include opening a call center on the West Coast.

Coco Salazar is an assistant editor and staff writer for [email protected]

Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator


Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Date with Today’s Latest Rates


Today’s rates starting at


5/1 ARM
$200,000 LOAN

Home Refinance

Today’s rates starting at


$200,000 LOAN

Home Equity

Today’s rates starting at


$200,000 LOAN


Today’s rates starting at


$200,000 LOAN