Homefield financial adding hundreds of positions
By MortgageDaily.com staff
2/21/2006

A California-based mortgage banker will create hundreds of jobs as it expands its presence in the Golden State and establishes its business in the Lone Star State.

As part of its nationwide expansion, Homefield Financial announced Friday it will open an office in Downey, Calif., and a consumer-direct retail location in Dallas, Texas, that will result in a 75% increase in its current staff number to 700 by the end of 2007.

The Dallas office, scheduled to open in April with 20 employees, will create 150 to 200 new jobs within the next 18 months. The location will primarily serve Homefield's Central and Eastern U.S. markets and supplement the services provided to customers from its Irvine, Calif., headquarters and other California locations, according to the announcement.

"Homefield's expansion to Texas is a powerful indicator of the company's successful growth and bright future, even as others in the mortgage industry witness a slowdown in business," said Michael D. Meyer, a Homefield executive, in the announcement. "The addition of a centrally-located loan center will better enable Homefield to serve our retail and wholesale customers nationwide, facilitating our strategic positioning as one of the leading direct consumer mortgage lenders throughout the U.S."

The lender said it will initially occupy nearly 3,500 square-feet in a Dallas building and has signed a letter-of-intent to occupy a 24,000 square-foot space early in the fourth quarter of 2006.

Homefield, with over $2.5 billion in annual mortgage volume, is currently licensed to operate in 30 states but plans to be licensed in all 50 states, the announcement said.

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