Rushmore Loan Management Services LLC, a national residential mortgage loan servicer of performing and non-performing loans, says it is extending its specialty residential loan servicing platform to Puerto Rico.
The company plans to open a new branch in San Juan, which will be fully operational by Nov. 1.
Rushmore intends to hire approximately 50-60 new employees in the San Juan office. Its corporate headquarters are in Irvine, Calif., with an additional office in Dallas.
CEO Terry Smith says Rushmore is already looking for individuals with mortgage servicing experience to join the company. "We plan to grow the Puerto Rico branch alongside our Dallas and Irvine offices by acquiring additional mortgage portfolios, on-boarding new subservicing residential loan pools and purchasing mortgage servicing rights."