Chase Bank, said Tuesday that it plans to hire 1,200 mortgage loan officers by the end of 2010.
The new staff will increase the bank’s sales force by 60 percent and will be focused on helping Chase customers finance home purchases or reduce their monthly payments through refinances.
“We have made a number of strategic investments in our organization,” said Dave Lowman, head of home lending at Chase. “We have invested in new systems, aggressively grown our capacity, and now are looking to increase our sales force. With our vast branch network and growing customer base, the opportunity for Chase loan officers is tremendous.”
The bank’s new loan officers will serve customers through bank branches in 23 states — including key states such as California, Florida, and Texas, and key metro areas such as New York and Chicago – as well as metro markets outside the bank’s branch footprint, such as Boston, St. Louis, and Washington D.C.
They will help consumers meet their home financing needs by working with personal bankers and referral sources, such as real estate agents and builders, as well as with their own network of homeowners, Chase explained in a press statement.
“With nearly 5,200 bank branches — one of the largest networks in the country — we need to ensure each branch has seasoned mortgage professionals to help meet the needs of their communities and is well positioned when the housing market fully recovers,” said Lowman. “We see the mortgage business as core to our relationship with consumers and expect to be a major leader in the industry for many years to come.”
Chase is the nation’s third-largest lender, originating $37.1 billion in mortgages in the last quarter. The company also services $1.1 trillion of home loans.
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