The Home Lending Source, Ft. Lauderdale, Fla., has hired 30 loan officers from the MetLife Home Loans, and is talking to another 25 or so.
HLS’s retail chief Doug Reilly told National Mortgage News that the 30 LOs “have accepted and are in the process of filling in applications right now.”
The loan officers are primarily located in the Southeast, including Georgia and Alabama. MLHL, which is in the process of closing down, is based in Irving, Texas.
Reilly noted that many of the LOs it is talking to already have the proper state approvals and licensing even though MLHL was owned by a depository. “Some of these people were very aggressive in getting licensed,” he said. “They saw the writing on the wall.”
His company is currently funding $50 million a month in loans, but sees that doubling to $100 million a month by June.
MLHL is in the process of being closed by MetLife Inc., the parent company.
Skyline Lending, Calabasas, Calif., recently hired 10 MLHL LOs, said company CEO Bill Dallas.
As reported by NMN on Monday, Caliber Funding LLC, Irving, Texas, is talking to several loan officers and support staff who worked at MLHL, and may wind up hiring upwards of 300 full-timers, according to officials familiar with the situation.
