A wholesale mortgage lender headquartered in the Detroit area is hiring more than a hundred employees during the final three months of this year to help it keep pace with rapid growth in originations.
United Shore Financial Services LLC previously reported that it employed 821 people as of Sept. 30. Staff size ballooned from a year earlier, when headcount stood at 475.
The Birmingham, Mich.-based company projected that another 400 people would be recruited over the next year.
Updated projections from United Shore indicate that headcount is expected to finish this year at 980 people.
Among the jobs being added during the fourth quarter are 40 open positions at subsidiary United Wholesale Mortgage.
The jobs are being filled at a recruiting event on Monday, Dec. 3, between 6:30 p.m. and 8:30 p.m. at the Troy Marriott in Troy, Mich.
Among the job openings are loan processors, junior underwriters and senior underwriters. The company is also recruiting loan closers.
Hiring managers will be at the event.
“We have and always will hire ambitious individuals that are dedicated to bettering the company and their careers,” United Wholesale President Mat Ishbia said in the statement. “Our employees love working for us and our high retention rate reflects this.”
United Wholesale, which claims to be among the five-biggest wholesale mortgage lenders in the country, previously reported that it originated nearly $1.8 through mortgage brokers during the third quarter.
Including retail and wholesale business, parent United Shore’s residential originations during the first nine months of 2012 were $4.1 billion. The latest announcement indicated that annual production is expected to reach $10 billion by the end of next year.
