Broker Growing & Hiring

East West adding 120 East Coast jobs
By MortgageDaily.com staff
6/15/2005

A Virginia mortgage broker, citing success with online and Hispanic lending, has announced it will add more than a hundred positions.

East West Mortgage, which announced it is expanding its headquarters in Tyson's Corner, Va., and its locations in Silver Spring, Md., and Exchange Place-Jersey City, N.J., plans to hire 120 new East Coast employees to handle the boost in Hispanic and Internet business.

"I'm committed to the Washington, DC area and take great pride in both expanding our headquarters here as well as along the East Coast as our Internet and Hispanic Divisions gain even more momentum," said company founder and Chief Executive Doug Bui in the announcement.

With the addition of about 45,500 square feet of office space throughout the three locations and its corporate offices in the McLean area, East West Mortgage says it growth is the result of insightful planning, knack for noticing "sweet spots" in the marketplace, and its focus on employee development and retention.

The company, which has grown from three employees 19 years ago to over 400, indicated the success in its Internet division stems from making its Web site as user-friendly and functional as possible.

The brokerage's status of being the leading mortgage provider to the Washington, D.C., area's Hispanic community and particular growth in the division over the past five years, has greatly been a result of its "unparalleled variety of competitive loan programs and growing team of bilingual staff members," the company said in the announcement.

East West is reportedly licensed in 44 states and handled more than $1.2 billion in loans last year.

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