JPMorgan Chase to expand; 1200 New Mortgage Loan Officers
Posted on | November 11, 2009 | No Comments
JPMorgan Chase has announced that it will hire 1,200 new mortgage loan officers in order to accommodate its growing needs to support individuals refinancing their home loans. JPMorgan is said to have greatly increased its loan capacity, and the new loan officers will be employed over 23 states.
The new loan officers will work with real estate agents and builders alike to settle loans for new offices, and homes. They plan to extend their lending to small business to $4 billion in the upcoming year and hire 325 small business bankers to help accommodate this change.
While we all still feel that the economy is lacking greatly, and banks do not seem to be bouncing back this information about JPMorgan Chase is very re-assuring. Not only are they at a point where they can expand their company with employees, but they are also able to lend out more money and thus create more business for themselves.
All this talk comes back to re-financing your home now! Not only does re-financing benefit you as a home owner greatly but it brings business to companies such as JPMorgan who need the business to stay afloat. Re-financing allows for an easier loan payment for home owners, and makes use of the companies we have available to us to do this type of work. The encouragement for home owners to re-finance will continue as the housing market continues to try to recover.
While times seem so bad, and unemployment is at an all time high- lets not forget to consider the positives that are taking place. Some companies are finding success, and as citizens we can continue to helps these companies and find our way out of this recession.
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Author: Sylvia Wayne
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