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| A subprime wholesale lender’s expansion into the Northeast will create hundreds of loan processing and sales jobs.
As part of the footprint extension plan, ResMAE Mortgage Corp. recently announced it opened a regional loan processing center in Edison, N.J. “This new facility is an important component of our expansion strategy,” said Paul Abbamonto, executive vice president and chief production officer, in the announcement. “The northeastern region represents a major market for ResMAE. We look forward to offering brokers throughout the northeast the kind of fast and responsive customer service for which ResMAE has become known and respected.” The center will house up to 200 new employees who will provide loan processing services, including setup, underwriting, appraisals and funding, spokeswoman Cathy Dominguez told MortgageDaily.com. In addition to servicing New Jersey, the new facility will handle Connecticut, Delaware and Rhode Island, where ResMAE currently does business. The company will soon be operating in New York, Maryland, Massachusetts and Pennsylvania, the announcement said. Thus, in addition to the loan processing employees, ResMAE will hire 150 outside sales employees throughout the region, company spokesman Richard Theiss said in an e-mailed statement. “At this time, the new Edison facility will handle the processing operations for the entire northeast with outside sales personnel across the region,” Theiss said. “Other facilities could open if market conditions require it.” The Brea, Calif.-based lender just begun recruiting for the 350 new hires, but expects to complete hiring in nine months, he added. Theiss said ResMAE currently has a total of 879 employees with regional processing centers in Brea and Walnut Creek, Calif.; Frisco and Sunrise, Texas; and Schaumburg, Ill. |
Coco Salazar is an assistant editor and staff writer for MortgageDaily.com. e-mail: [email protected]
