A recruiting campaign in Texas by JPMorgan Chase & Co. will bring to more than 500 the number of new loan originators the company expects to hire by October.
During the next six months, the company plans to hire 275 mortgage officers throughout Texas, a news release indicated. “Seasoned mortgage professionals” are being recruited.
Chase, which operates 613 branches in the Lone Star State, said 125 of the hirings will happen in the Dallas-Fort Worth area. Houston, the state’s other big market, will see 100 of the new jobs.
In Austin, 25 originator hirings are planned, as is the case in San Antonio.
The recruited loan officers will be expected to generate their own leads from personal bankers, real estate agents and other referral sources such as builders and former borrowers. The company noted that more than half of U.S. real estate offices are within five miles of a Chase branch.
New hires will have conforming, government and jumbo programs in their arsenals.
Earlier this month, Chase announced that it plans to recruit 300 mortgage officers over the next six months in Connecticut, New Jersey and New York. That move will support an expected increase in refinance transactions.
