Mortgage company to establish headquarters in Charlotte

02/26/2014 3:58 PM

02/26/2014 4:19 PM

A mortgage company said Wednesday that it will establish its headquarters in uptown Charlotte and hire hundreds of employees over the next five years.

Irongate Home Finance plans to hire roughly 125 people over the next 18 months, the Charlotte Chamber of Commerce said. The company will add 75 to 100 jobs per year through 2019, according to the chamber. Positions will include mortgage loan officers, processors, quality assurance analysts, compliance officers and support staff.

The headquarters will open in April in the First Citizens Bank Plaza building, 128 S. Tryon St. The company will lease 21,000 square feet in the building.

“As the second-largest banking center in the country, Charlotte appealed to us because of its abundant and diverse labor force with business expertise and reasonable lease rates in Center City,” Irongate CEO Mark Marashlian said in a statement.

The chamber said the company plans to expand to at least five regional offices over the next five years.

The announcement comes as many lenders in Charlotte and elsewhere have been laying off mortgage staff in recent months as demand to refinance home loans has waned. At the same time, some lenders are looking to add certain mortgage positions, such as loan officers, in an effort to make more loans for home purchases.

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