Digg|
Save|
License|
Print|
E-mail|
Double-click any word or phrase in the story to search this site.
April 24, 2008 - 9:39PM
U.S. Bank Home Mortgage moves to larger facility
Comments | RecommendEdward Gately, Tribune
U.S. Bank Home Mortgage has relocated its Arizona regional office in Scottsdale to house more than twice as many employees and accommodate “significant growth.”
The office moved four miles to a larger facility at 17851 N. 85th St., near Bell Road and Loop 101 in north Scottsdale. About three years ago, the operation had four mortgage loan officers and two support staff. It now includes about 28 people. The office expects to eventually have 60 to 65 employees in Scottsdale, said Marla Mayne, national mortgage manager.
“It is a growing market for us even though you read that all the housing market is down ... and has its challenges,” she said. “There’s still a strong housing market there, and that’s how we continue to grow.”
U.S. Bank Home Mortgage’s business is up 40 percent for the first quarter of this year compared with the first quarter of 2007, Mayne said.
To keep pace with the growth, it is hiring mortgage loan officers and processing staff in Scottsdale, she said.
“Because of the way the mortgage business is right now, there are a lot of people out there who are very interested in finding a place where they can continue their mortgage business,” she said.
“I really am looking for the right people for our organization and for it to be mutually beneficial for both of us, that we’re the right company for them and they’re the right people for us.”
“The larger office space will allow the U.S. Bank Home Mortgage division in Arizona to continue recruiting top mortgage loan officers and concentrate on growing its market share throughout the Phoenix metro area,” said Hope Levin, market president for U.S. Bank in Arizona. U.S. Bank operates 60 branches in Arizona. Its parent company, U.S. Bancorp, based in Minneapolis, has $242 billion in assets.
News updates are sent daily. You can unsubscribe at any time.
Please add your comments, but follow these guidelines to keep this a safe, credible place for discussing the news: