Mortgage Daily

Published On: January 18, 2005
Mortgage Banker Adding 100 Jobs This YearGlobal recently added nearly 300 employees

January 18, 2005
Revised 1.20.05


Global Home Loans and Finance increased its staff by 57 percent last year and has plans to grow by at least another 12 percent in 2005.

The Melville, N.Y.-based mortgage banker announced that its recent move to a 40,000 square-foot building enabled it to add 293 employees to its staff base.

“In this competitive mortgage industry, Global’s employee recruitment and retention are supported by our company values practiced every day,” said Global chief executive William Alvaro in the announcement. “Global’s success is maintained by employing individuals who strive to succeed and contribute to our daily lending efforts and company expansion.”

As of November, Global — a advertiser — had a total of 803 employees, company spokeswoman Tara Tuschinski told in an e-mailed statement.

The new jobs included 35 new in-house officers, 38 virtual loan officers and 17 branch offices. Three industry veterans also joined Global’s executive team, the announcement said.

The retail and wholesale mortgage banker reportedly closed nearly 5,000 loans last year, reaching about $1 billion in loan volume — which, according to Tuschinski, is 25% better than 2003.

“Our business strategy is to consistently grow, and as we continue to succeed, we can hire additional qualified employees and broaden Global’s reach,” Alvaro said. “Our numbers in the last year, especially in the last six months, are proof that the plan is in motion and we moving in the right direction.”

Global anticipates it will hire more than 100 employees by the end of 2005, with at least 50 additions occurring in the first half of the year, Tuschinski said. The employees will fulfill a variety of functions, including in-house loan officer, support team, administrative and executive duties.


Global to Add More Than 100 Positions During Next 12 Months
Mortgage job seekers in New York should have an easier time finding work now that one mortgage lender is planning to add more than 100 jobs during the next 12 months at its recently relocated headquarters.
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Coco Salazar is an assistant editor and staff writer for

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