CashCall Mortgage, a division of CashCall, Inc. announced today that it is seeking 520 new employees as part of its expanding operations throughout the country. The company is actively looking to hire 270 licensed mortgage agents, as well as 250 underwriters, funders, processors and shippers.
The continued expansion of CashCall Mortgage is not exactly a surprise after the company’s record-shattering loan production in August, but the number of new jobs announced surpasses what analysts had been predicting. In fact, this new round of CashCall hiring comes on top of the 230 new jobs already created in the third quarter of this year.
Originally known for unsecured personal signature loans, CashCall, Inc. established its Mortgage Division in 2008 and has experienced continued growth in that sector, particularly in the second and third quarters of this year.
“It seems that consumers are becoming smarter shoppers and realizing that lenders such as CashCall offer the same mortgage refinancing as the big banks, but at lower rates, and often with less hassle.” said J. Paul Reddam, CEO and President of CashCall, Inc. “We don’t have anywhere near the overhead as the big banks, and we’ve been able to pass those savings on to our customers in the form of lower interest rates and no closing costs. We’re thrilled to help consumers save money on their mortgages, and be a positive part of the economic recovery by creating hundreds of new jobs.”
These additional jobs will primarily be in the company’s Anaheim and Las Vegas locations, welcome news to two cities that have been suffering from the recession, including higher unemployment rates than the national average.
One of the reasons for CashCall Mortgage’s consistent growth has been its management experience, strength and depth. CashCall was founded by Reddam, the founder of DiTech Funding Corporation, one of the first direct mortgage lenders back in the 1990’s. Under Reddam’s leadership, DiTech became one of the top direct lending mortgage companies before it was sold to GMAC Mortgage. Dozens of CashCall’s senior executives and management staff are individuals who worked for Reddam at DiTech, and have now joined him in making CashCall one of the premier mortgage lenders in the country.
Founded in 2003, CashCall, Inc. has grown to become one of the nation’s premier consumer finance lenders. Headquartered in Anaheim, California, the company employs more than 800 lending professionals, each dedicated to providing exceptional customer service. CashCall has been able to simplify and streamline the loan process, through the seamless coordination of online and offline services to make the process faster, easier and hassle-free.
CashCall Mortgage specializes in low interest mortgage loans and home refinancing for borrowers with good credit. Founded by the people who started the very first direct mortgage company in 1995, CashCall Mortgage has streamlined the application and lending process, reducing their own costs and passing these savings on to customers by undercutting larger banks and lenders with lower interest rates no application fees, deposits or points. CashCall Mortgage offers a variety of products such as 10, 15, and 30-year fixed rate loans, the FHA Loan, as well as 125% Second Mortgage, allowing you to borrow up to 125% the value of your home.
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Filed under: Real Estate
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