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Portfolio Lender TD Bank Braces for Lending Growth

jobline-handshakesDuring the mortgage crisis, portfolio lenders like TD Bank stood out as financial institutions that embraced the idea of quality underwriting and lending—especially since they kept loans in-house, taking the risk on their own balance sheets.

Fast-forward a few years and TD Bank, a subsidiary of a Canadian-based Dominion Bank of Toronto, is ready for substantial growth on the mortgage-lending front.

The bank plans to hire 79 experienced mortgage loan officers to boost the firm’s residential lending business and to meet expected market demands in the coming years.

In addition, the firm, which lends primarily on the East Coast and New England, created a new position, known as a managing producer, who will be responsible for growing the firm’s mortgage business in cities such as Boston, Philadelphia, New Jersey, New York City and Washington, D.C.

The new hires will bring the bank’s team of loan officers from 100 to 179.

"We're pushing for growth, and by boosting the number of mortgage loan officers across our key markets we'll be able to meet the housing market demand next year," said Kevin Gillen, General Manager, Residential Mortgage, TD Bank. "We empower our MLO channel by providing open and clear communication, which enables them to be more successful and deliver a more convenient customer experience."

About Author: Kerri Panchuk

Kerri Panchuk is an attorney and financial writer with more than a decade of experience covering real estate, default servicing, residential mortgage-backed securities, retail, macroeconomics, and commercial real estate. Panchuk graduated from the Southern Methodist University Dedman School of Law and Texas Tech University. Panchuk previously served DSNews.com as online managing editor/producer and webcast anchor and is currently a contributing writer and editor for the MReport. Panchuk is a member of the State Bar of Texas.

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