Residential Finance Corp. Bucks Mortgage Industry Trend, Growing Lender Announces Plan to Hire 75-100 Mortgage Professionals.

Mortgage Lender Plans Expansion for Ohio and Florida

COLUMBUS, Ohio -- Residential Finance Corporation (RFC), a nationwide mortgage lender, today announced its continued expansion plans to hire between 75 and 100 people in Q3 2008. The majority of job openings will fill mortgage banking positions in the company's Columbus, OH headquarters and Tampa, FL location.

"The slowdown in the housing market has put more than 200 U.S. lending operations out of business, leaving nearly 1,000 talented mortgage professionals jobless in Ohio, and even more in Florida," said RFC President, Michael Isaacs. "We'd like to invite those seasoned loan officers with extensive mortgage banking experience and a commitment to excellence to give us a call."

Isaacs continued, "I believe that the Residential Finance vision for delivering on the dream of home ownership helps create a culture of stewardship and excellence. What sets us apart and helps drive our growth in today's market is our continual investment in technology, training and marketing. We provide these critical resources for new employees to help them succeed immediately."

In partnership with renowned mortgage training coach, Dale Vermillion, Residential Finance mortgage professionals receive 25-hours of intense mortgage training, including team training in RFC's proprietary "incubator", a simulated classroom environment where experienced trainers personally coach and provide additional training support. RFC provides mortgage bankers with ongoing training and support throughout their careers, including state licensing assistance in 24 states, marketing training, and ongoing personal coaching by Vermillion.

Mortgage training coach, Dale Vermillion, said "It is amazing how Residential Finance has been able to reverse the trend of the industry toward consolidation, and has managed to grow at a record pace during one of the most difficult times in retail origination history. I firmly believe their growth is a testament to the quality of people they hire and a deep-commitment to their ongoing training and support."

RFC provides a wide range of supportive marketing, including direct mail, email, online, and telemarketing from an in-house 40-person contact center. Additionally, Residential Finance is recognized as being the only lender in Ohio qualified to take LendingTree leads.