Reduced mortgage insurance premiums on government-insured loans has Freedom Mortgage Corp. staffing up to handle an expected increase in originations.
This month’s 50-basis-point reduction in premiums for loans insured by the Federal Housing Administration has Freedom anticipating a surge in FHA business.
The Mount Laurel, N.J.-based company already has a staff that it said exceeds 2,300 employees on a national basis.
But an additional 500 more employees are being sought to help it capitalize on
anticipated volume growth.
“New home buyers inject life into the economy and create jobs, and lower monthly payments from refinancing result in greater spendable income in every sector,” Freedom Mortgage President and Chief Executive Officer Stanley C. Middleman said in a news release. “As we expect many Americans to take advantage of the MIP rate reduction we intend to be ready for a surge in volume.”
Freedom will recruit licensed loan originators at job fairs being held in Jacksonville, Fla., on Jan. 21, while similar events will take place in Mount Laurel, N.J., on Jan. 21 and Jan. 22.
Also being sought are
loan processors and support personnel.
Applicants are being encouraged to register at the events by emailing [email protected].
