November 10, 2009
The bank says it plans to aggressively expand its mortgage lending business as signs of stability in the housing market emerge.
By Ben Rooney, CNNMoney.com staff reporter
NEW YORK (CNNMoney.com) — JPMorgan & Chase announced plans Tuesday to hire 1,200 mortgage loan officers as the bank moves to expand its home loan business.
"We have invested in new systems, aggressively grown our capacity and now are looking to increase our sales force," Dave Lowman, head of home lending at Chase, said in a statement.
The New York-based bank said the hiring spree, which will be complete at the end of 2010, will grow its home loan sales force by 60%.
New loan officers will be hired in 23 states — including California, Florida and Texas and key cities such as New York and Chicago.
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