|
|
| PNC Financial Services Group Inc. is adding hundreds of mortgage positions.The Pittsburgh-based company plans to begin recruiting employees for a new location in the Chicago suburb of Downers Grove, a spokesman told MortgageDaily.com in a statement today. About 400 jobs are involved.
The spokesman indicated that the positions are back-office. PNC entered the residential lending business on Dec. 31, 2008, when it acquired National City Corp. for $6.1 billion in stock and cash. The move reportedly made the Pittsburgh-based institution the fifth largest U.S. bank with $180 billion in core deposits. Based on a MortgageDaily.com analysis of first-quarter earnings data, PNC ranked as the 12th biggest residential originator in the country — with $6.9 billion in production. In January, shortly after the acquisition, PNC said that it planned to eliminate 5,800 positions company-wide by 2010. In today’s statement, the spokesman said PNC also expects to maintain a mortgage operations center in Pittsburgh. |
