Origination/Lending

Bucking the Trend: Detroit Lender Looking to Boost Staff

By: PAUL JACKSON
March 28, 2008

A local Detroit mortgage company said Friday that it’s actually looking to hire up to 100 additional employees — a surprising sign of growth in a local economy that has just been decimated by foreclosure activity.

Shore Mortgage, which operates four locations throughout the Detroit metropolitan area, said that the company is looking to hire underwriters, loan officers and support personnel — a 30 percent bump in staffing.

Counter to the industry trend toward downsizing and layoffs, Shore Mortgage, CEO Robert Rahal said his company’s long-standing focus on the FHA and GSE markets is paying dividends in the changing origination landscape.

For more information, visit http://www.shoremortgage.com.


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Events

2008 Aug 12

Western States Loan Servicing Conference

Annual servicing industry conference hosted by the CMBA; usually well attended on a national level.

2008 Aug 23

Executive Summit on Mortgage Fraud

High-level conference focused on quantifying and managing mortgage fraud. Speakers to include execs from OFHEO, FBI, Fannie, Freddie.

2008 Sep 17

Five Star Conference

Default and REO industry conference, hosted by trade publication DS News. Heavily attended by REO agents.

2008 Oct 19

MBA Annual Convention & Expo

The annual conference for MBA members and affiliates, and the largest industry event each year.