A mortgage banking firm that is based in the Empire State has increased its ranks by more than a hundred employees so far this year as it expands its presence.
The Money Source originates home loans through the retail channel, via mortgage brokers from its wholesale channel and with correspondent lending acquisitions.
Based in Melville, New York, the company says it’s approved as a seller-servicer by Fannie Mae and Freddie Mac and is also approved as a Ginnie Mae issuer.
On Monday, The Money Source announced that it is opening a 13,000-square-foot facility in Santa Ana, California.
The new office, which has room for around 100 people, will house employees from its retail division and its wholesale business known as Endeavor America Loan Services.
The office is expected to open by the end of this month.
“The company is in the middle of the recruitment process, and is finishing the final improvements on the Orange County location,” today’s statement said.
Since the beginning of the year, The Money Source reports that it has hired more than 150 employees across the country.
