A strengthening housing market has a residential lender based on the East Coast expanding its underwriting staff through a “work-at-home” recruiting campaign.
Embrace Home Loans reported that it originated $2.1 billion during all of last year. The previous year’s production was $3.1 billion.
The
Newport, R.I.-based mortgage banking firm said its mortgage servicing portfolio finished 2014 at $5.1 billion.
The portfolio was up from $4.5 billion three months earlier and $4.8 billion twelve months earlier.
Staffing was at 560 as of Dec. 31, 2014, up from 540 people as of Sept. 30 and 510 employees at the end of 2013.
Headcount is heading even higher thanks to a recruiting campaign announced this week.
Embrace, which claims to be among the 25-largest lenders of Federal Housing Administration-insured loans, said it is actively
recruiting “virtual-office underwriters” as it responds to increased demand for home lending.
Approximately 15 work-from-home underwriting positions are open.
“Embrace aims to tap location agnostic talent to virtually support its goal of providing individuals and their families with mortgage loans, as well as help banks provide home financing through its affinity and assisted outsourced mortgage solutions,” the statement said.
Embrace Home Loans President Kurt Noyce said in the announcement that the firm has had an “encouraging” response to its virtual-office concept.
Including all types of positions, Embrace is currently recruiting between 35 and 50 employees.
