Mortgage Daily

Published On: November 16, 2005
New Century Adding Hundreds of Jobs

New servicing center to house more employees

November 16, 2005

By COCO SALAZAR

photo of Coco Salazar
A recent relocation will enable New Century Financial Corp. to hire hundreds of new employees in Southern California.

The Irvine, Calif.-based lender held a ribbon-cutting ceremony earlier this month to celebrate the establishment of its 100,000-square foot mortgage loan servicing center in Santa Ana, according to an announcement.

“We chose this business-friendly city for our Servicing Division Associates because of the great central location and the terrific support we’ve received from the city’s leaders,” stated Robert Cole, New Century chairman and chief executive, in a written statement.

The servicing unit was previously in Irvine, but New Century “expanded into the new building, allowing us the physical capacity to grow the servicing division,” spokeswoman Erin Freeman told MortgageDaily.com. The new site’s capacity of 700 enables the division to nearly double staff.

Currently, the Santa Ana center reportedly houses more than 370 associates. A portion of those employees transferred from the previous facility, while others were recent hires, Freeman said.

New Century will expand the Santa Ana staff by 50 to 75 employees within the next six months, and over the next two years will add about 300 more to bring the facility to capacity, she added.

The servicing division currently tracks activity on more than 216,000 loans totaling approximately $39 billion, according to the announcement.

The real estate investment trust has about 2,000 employees in Southern California and companywide employs 7,100, the spokeswoman said.


Coco Salazar is an assistant editor and staff writer for MortgageDaily.com.e-mail: [email protected]

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