Mortgage Daily Logo
mortgage news from industry experts

Florida Lender Seeks Originators

Florida Lender Seeks OriginatorsM&T retail unit adding Florida jobs

August 12, 2005

By COCO SALAZAR

The mortgage banking subsidiary of a New York bank is undergoing a Florida expansion, with nearly 100 jobs slated to be added over the next year.

M&T Mortgage Corp. has opened retail offices in Tampa and Naples and will open a third one in Orlando next month, company spokesman Chet Abridger told MortgageDaily.com.

The lender, a subsidiary of regional banker M&T Bank based in Buffalo, N.Y., announced it is currently recruiting job prospects to fill as many as 30 jobs, with approximately 10 positions each slated for Tampa, Naples and Orlando. The new jobs will consist mostly of loan officers and some administrative positions, Bridger said.

The residential lender plans to add more offices by the end of 2006. The markets considered include, Jacksonville, Palm Beach, Ft. Lauderdale, Miami, Sarasota-Bradenton and Tallahassee, according to the announcement. These offices would also have about 10 employees each, Bridger said.

“M&T has a long-standing commitment to the residential mortgage business, so this expansion makes sense for us,” said M&T Mortgage President James J. Beardi. “In addition to the traditional fixed-rate, adjustable and government loan products found at most banks, we also specialize in residential construction loans, condominium financing and other niche products which are a natural fit in these growing Florida markets.”

Florida “presents a prime opportunity” for M&T as there is a growing number of people from the Northeast migrating to retirement and vacation homes in the state, according to Miles F. Cary Jr., head of M&T’s Tampa-based Florida division.

M&T, which has offices in 22 states and originated over $6 billion in residential loans last year, has 10 additional employees in Tampa as part of a wholesale mortgage division it recently took over from Regions Financial, according to the announcement.


Coco Salazar is an assistant editor and staff writer for MortgageDaily.com.E-mail: s3celeste@aol.com

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...

Newsletter

Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts

THE TRUSTED PROVIDER OF ACCURATE RATES AND FINANCIAL INFORMATION