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ING Adding Mortgage Jobs

ING Adding Mortgage Jobs

400 hires planned

January 5, 2007


photo of Coco Salazar
ING DIRECT has hundreds of mortgage jobs up for grabs.

The company plans to nearly triple its mortgage staff this year with about 400 new hires, ING told in an e-mail statement. The jobs will mostly encompass underwriting, quality assurance, training and sales.

Half of the additions will take place in Wilmington, Dela., and the other half in St. Cloud, Minn., with the goal of having most positions in place by May or June, ING said.

The Wilmington.-based company conducts business online, over the phone and by mail and is backed by ING Group, “a global financial institution of Dutch origin offering banking, insurance and asset management,” with more than 10,000 employees in the United States, according to its Web site. Mortgage employees account for about 250 of the headcount, of which 55 were hired in last year’s third quarter, according to the statement.

“We were not running at full speed two to three years ago when others were hiring to cover the volume targets,” ING said in the statement, adding that those companies are now downsizing in response to lower volumes.

“We entered into the mortgage market wanting to do it right, so basically we were a small player,” it added. “We don’t have many variations of mortgages; we have designed ones that are right for consumers and simple for us to deliver.

“Now that we are confident in our offering and process, we are ready to grow this side of our business.”

Mortgage volume for the company amounted to over $7 billion in 2006, the statement said. Of that amount, $2.2 billion was originated in the first six months of the year through its Orange Mortgage product — approximately double the volume for the same period in 2005, according to an announcement. In addition to the 5/1 Orange Mortgage product, ING offers Orange Home Equity lines and loans, according to its Web site.

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