Servicing staffs are being expanded at a rapid pace.
Wells Fargo Home Mortgage reported this month that it hired and trained 4,000 loss-mitigation employees during the first six months of 2009. The U.S.-based servicing staff now sits at 11,500.
The Des Moines, Iowa-based company serviced nearly $1.7 trillion in residential mortgages as of June 30.
Wells said the expansion was made to eliminate the backlog that developed between the announcement of the Home Affordable Modification program and the subsequent date that the guidelines were released.
Neighborhood Assistance Corporation of America plans to hire 1,000 new employees during the next 12 months, according to a statement from the Washington, D.C.-based non-profit organization. The staff expansion is in addition to the planned hiring of 1,014 new production employees announced in June.
The latest recruiting campaign is targeted a loss-mitigation employees including mortgage counselors, member services and management. The jobs are located in Charlotte, N.C.
“We increased the number of jobs because of our needs and the needs of people needing assistance with their mortgages,” a spokesman said in the statement.
CitiMortgage recently reported that it has hired 1,400 loss mitigation employees this year, while JPMorgan Chase & Co. reported 250 Louisiana hirings in July and announced the addition of 950 loan counselors in June.
Originator positions are available at Residential Finance Corp., a recent announcement from the Columbus, Ohio-based company indicated. Residential held a job fair last month to recruit 20 loan officers. Benefits include a 200-hour training course, an employer-matching 401k plan and health insurance.
“We are looking to expand Residential Finance Corp.’s award-winning sales team, with jobs for highly experienced and knowledgeable sales professionals,” Residential executive Obi Egbuna said in the statement. “We seek motivated individuals with mortgage industry expertise.”
