J.I. Kislak Mortgage LLC, Miami Lakes, Fla., by yearend hopes to at least triple the number of loan officers currently under its employ as it expands its retail mortgage franchise in Florida and other parts of the Southeast.
In an interview with National Mortgage News company senior vice president Eddie Scott said the privately held Kislak is in a growth mode, having just opened a new retail office in Melbourne, Fla.
The Melbourne office is Kislak's fourth office in the state. The firm currently employs 25 retail LOs and plans to hire 50 to 75 more by yearend, Scott estimated. Its forte is purchase money lending and working with Realtors and builders.
Hired from the mortgage division of JPMorgan Chase late last year, Scott is forecasting that by yearend Kislak's production 'run rate' will be in the range of $75 million to $100 million a month.
The company is part of the Kislak Organization, a privately held real estate and financial services firm. Last year Kislak reentered the mortgage space after having been out of it for two decades.
