Industry News

Nationstar Mortgage to employ 150 at Cincinnati call center

Subprime lender now approving 3,000 home loans a month

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Subprime lender Nationstar Mortgage LLC says it will add 80 new sales jobs when it opens a fourth centralized call center this month in Cincinnati, Ohio. Nationstar currently employs more than 2,200 people, including sales staff at call centers in Dallas, Phoenix and Denver. The company, formerly known as Centex Home Equity, expects the Cincinnati call center will employ 150 by 2008. Headquartered in Dallas, Nationstar offers subprime mortgages and home loans directly to consumers, and through mortgage brokers and bankers. The company has originated more than 250,000 mortgages since it was founded in 1997, and currently approves 3,000 loans a month, placing it in among the top 10 retail subprime mortgage lenders, the company said in a press release....