U.S. Bank Plans Expansion Of Servicing Center

Posted by Orb Staff on July 02, 2010 No Comments
Categories : Mortgage Servicing

ank Home Mortgage's Owensboro, Ky.-based servicing center is set for an expansion that will include 500 new jobs over the next few years, Kentucky Gov. Steve Beshear announced this week. The expansion represents a more than $14.1 million investment for U.S. Bank. U.S. Bank Home Mortgage is ranked sixth among originators and servicers nationally. The Owensboro servicing operation supports U.S. Bank's national portfolio of nearly 1.4 million loans totaling $198 billion. The company plans to lease an 81,000 square-foot facility in the Mid-America Air Park to house the new employees, which it will begin to hire in spring 2011. One of the largest employers in the area, U.S. Bank currently employs over 1,100 staff at its existing Owensboro facilities. "Our portfolio has continued to grow at a rapid pace since reaching a milestone in 2007, by surpassing $100 billion in servicing volume,’ Bob Smiley, U.S. Bank's executive vice president and loan servicing manager, said Thursday. ‘Today, only 36 months later, we have nearly doubled that volume to $198 billion." SOURCE: [link=http://governor.ky.gov/pressrelease.htm?PostingGUID={4FBF84A4-ED56-452F-89ED-52777395D1E5}]Office of Kentucky Gov. Steve Beshear

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