RightStart Mortgage, a Pasadena-based lender, will be adding 25 retail branches, increasing its market area from 10 to 15 states – mostly in the western U.S. – and plans to grow its retail origination volume by 200% over the coming year.
The company says the expansion is to help meet the growing demand for purchase mortgage loans in 2014 and beyond. It plans to add three branches in Southern California in the next several weeks, followed by a branch in Hawaii in the spring.
RightStart says it will also be recruiting new branch managers and loan officers. The expansion will be directed by recently appointed retail business development manager John Stangarone.
In conjunction with the expansion of its retail business, the company has named Jonathan Okken business development manager.
A 17-year veteran of the mortgage and financial services industries, Okken recently served as an account executive with CBCInnovis, a provider of mortgage credit and fraud products. Okken has also held management and sales roles with Countrywide Financial Corp., Dollar Mortgage Corp., Harbor Capital Group/Home Capital Funding, CBSK Financial Group and Manhattan Financial Group.Â