A two-year-old East Coast mortgage banking firm is increasing its West Coast presence with a new location in Southern California that will be staffed by dozens of new production employees.
Irvine, California, is the location of the new office for Better Mortgage, a news release Tuesday said. The company, which is based in New York, said it services 19 states across the country.
The location was selected due to “the Orange County area’s rich talent pool of skilled underwriters and lending professionals,” Better Mortgage Chief Executive Officer and Co-Founder Vishal Garg said in the statement.
Employees being hired to staff the facility will fill a range of production positions including mortgage underwriters, loan processors and loan closers.
After all is said and done, Better Mortgage expects to increase its payroll by 50 people.
Residential loan originations since the home lender’s January 2016 launch amount to $1.5 billion, according to today’s statement. In March, it reported production had reached $1 billion.