A company that subservices residential loans has opened a new office in Missouri and plans to add hundreds of new employees by the end of this year.

The company, Cenlar FSB, has opened an office in O’Fallon, Missouri. Cenlar is an employee-owned federally chartered wholesale bank.

Cenlar, which maintains its headquarters in Ewing, New Jersey, claims that it is "the nation’s leading residential mortgage subservicer."

Source: Mortgage Daily