Vanderbilt Mortgage Finance Inc., a subsidiary of Clayton Homes Inc., announced last month that it has purchased Chase Home Finances $4 billion manufactured housing mortgage portfolio and will add 200 local jobs.
Chase Home Finance is a unit of JPMorgan Chase & Co., a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. The purchased portfolio includes about 100,000 loans, which will be serviced by Vanderbilt Mortgage in BlountCounty and a second Clayton subsidiary, 21st Mortgage Corp., in Knoxville.
Claytons 21st Mortgage division services about $1.6 billion in manufactured housing loans and will add 125 new jobs to the current 400 employees at its downtown Knoxville headquarters to handle the increased workload created by the Chase acquisition. Vanderbilt Mortgage, which has a portfolio of about $12 billion in loans, will add 75 jobs to its offices at the BlountCounty headquarters for ClaytonHomes. The new jobs will pay from $25,000 to $50,000 annually.
This is an important development for downtown Knoxville and the region as a whole, said Mayor Bill Haslam. The addition of significant new jobs at 21st Mortgage contributes to the revitalization of downtown, and ClaytonHomes growth continues to raise Knoxvilles profile as a great place for a national company to do business.
Most positions require a college degree or work toward a degree. Positions include: financial counselor, credit manger, field marketing, legal assistant, loan processor, payments processor, filing clerk, junior and senior accountants and information technology. Interested applicants should fax their resume to Human Resources at (865) 292-0043 or e-mail to recruitingmanager@21stmortgage.com.
For more information contact 21st Mortgage at (865) 292-2120.
