Demystifying direct mail: What mortgage brokers need to know

Mortgage industry employment newsMortgagePress.comMortgage industry employment
As part of a footprint extension plan, Brea, Calif.-based
sub-prime wholesale lender ResMAE Mortgage Corporation recently
opened a regional loan processing center in Edison, N.J. The center
will house up to 200 new employees, who will provide loan
processing services including setup, underwriting, appraisals and
funding, according to a company spokeswoman. In addition, ResMAE
will hire 150 outside sales employees throughout the region,
another company spokesman said in an e-mailed statement.
Irvine, Calif.-based real estate investment trust and mortgage
finance company New Century Financial Corporation plans on hiring
hundreds of new employees in southern California. A new office with
a capacity of 700 enables the division to nearly double its staff,
according to a spokeswoman for New Century Financial
Corporation.
But, not all of the employment news is good for the mortgage
industry.
Orange, Calif.-based lender Ameriquest Mortgage Company recently
laid off about 10 percent of its 15,000-plus workforce, a spokesman
told MortgageDaily.com. The layoffs were reportedly spread
throughout the nation, but details about specific jobs were not
disclosed.
Also cutting staff was Greensboro, N.C.-based mortgage servicer
Wendover Financial Services Corporation. The layoffs were the
result of a strategic decision to exit the field of reverse
mortgage servicing, a spokeswoman said.
The recent layoffs, however, haven't stopped the real estate
finance industry from employing a record 529,300 as of September
2005, according to data from the U.S. Department of Labor.
For more information, visit www.mortgagedaily.com.