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JPMorgan Chase to hire 1,200 mortgage officers

November 11, 2009 @ 12:00 AM

ISELIN, N.J. -- JPMorgan Chase & Co. said Tuesday it will hire 1,200 mortgage loan officers by the end of next year, a 60 percent increase in its sales force.

The workers are needed as the company aggressively goes after new home mortgage business and customers refinancing their home loans. Through organizational changes and additional systems, the company has boosted its loan capacity, said Dave Lowman, head of home lending at Chase.

New loan officers will work at bank branches in 23 states including California, Florida and Texas, and key cities such as New York and Chicago, Boston, St. Louis and Washington.