Mortgage Daily

Published On: November 17, 2016

A deal that was announced earlier this month to acquire Prospect Mortgage LLC has been followed by the hiring of nearly two dozen loan originators.

On Nov. 1, HomeBridge Financial Services Inc. disclosed an agreement to acquire the operating assets of Sherman Oaks, California-based Prospect.

Once the acquisition
closes as planned in January 2017, staffing is expected to exceed 3,000 employees, including around 900 retail loan originators.

On Thursday, Prospect announced that it has hired 23 new loan officers since the announcement of the acquisition.

“We’ve had a successful hiring year because we have so many tools to offer originators to grow their purchase business,” Prospect Mortgage Chief Talent Officer Dan Nieto said in today’s news release. “Since the Nov. 1 announcement, there’s even more excitement in the market place about joining our company.”

The statement went on to say that Prospect originators
will have access to an expanded product line.

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