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| At least 50 new mortgage positions are being created this year as a new Florida-based company prepares to go nationwide.
Proficio Bank de novo bank of NHB Holdings Inc., based in Salt Lake City, recently received regulatory approval to offer specialized banking and mortgage services to the relocation, homebuilding and real estate brokerage industries. The approval resulted in a new start-up subsidiary — Jacksonville, Fla.-based Proficio Mortgage. Although the lender is new, the company said its management has been in the mortgage business for decades. “We have had considerable time to establish relationships with the nation’s top mortgage wholesalers,” its Web site states. “With these relationships, we have been able to negotiate products and pricing which allows us to be flexible in your product selection and offer competitive rates.“ Additionally, the site states the lender is licensed in Florida, South Carolina, Indiana and Colorado. Proficio Bank CEO Brad Hardy told MortgageDaily.com that the company plans to ultimately be licensed in all 50 states and will begin its expansion with seven branch offices in various states including: California, Minneapolis, New Jersey, Pennsylvania, Utah, Virginia and/or Washington D.C. By the end of the second quarter, the company, which operates online at www.ProficioMortgage.com, is looking to fill various management positions in secondary marketing, accounting, sales and those positions specific to loan origination, Hardy said. The mortgage lender is currently not planning to offer broker wholesale programs, he said. “It’ll be mostly a retail shop and deal with correspondent lenders,” Hardy said. The types of loans offered are conventional conforming loans, jumbo and alt-A. FHA and subprime are not likely to be offered in-house, he added. Targeted volume production for 2007 is between $400-600 million, Hardy said. |
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