Mortgage banker Refinance.com says it is adding more than 80 new loan officers as part of an expansion of its New York City offices.
The new, 15,000-square-foot office on East 59th Street will occupy the entire fourth floor of a luxury commercial condominium, and serve as the headquarters for senior management.
The company, formerly known as Homebridge Mortgage Bankers, said it has also expanded its Syosset, Long Island, location to 30,000 square feet, and opened offices in Deerfield Beach, Fla., and Carlsbad, Calif.
Chairman and Chief Executive Officer Nicholas A. Bratsafolis said Refinance.com originated more than $1 billion in loans in 2006.
The Mortgage Bankers Association projects that refinance loans will total $1.06 trillion in 2007, or 45 percent of the mortgage origination market, before declining to $957 billion in 2008 and $796 billion in 2009.