Union Bank, San Francisco, which this week rolled out a new 30-year, fixed-rate jumbo loan, plans to hire 75 retail employees and a handful of account executives as it seeks to expand its mortgage business.
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The new hires, which will be added over the next few months, were revealed in an interview with National Mortgage News. "The bank is growing," said company executive Craig Cole.
As reported by NMN, Union will offer 30-year jumbos through both its retail branches and outside loan brokers that work for the company. (For more details see the upcoming Monday edition of NMN.)
The bank plans to hold the new jumbo product in portfolio.
