Lendia plans aggressive growth strategy for '07
Lendia Inc. expects to increase its staff by 50 percent to accommodate the company's increase in volume in 2006 and a goal of having a volume five times larger in '07.
The company, which specializes in providing back-office services like underwriting and closing loan products, experienced 20 percent growth in overall volume during 2006 when compared to 2005. Lendia processed approximately $1 billion in loans in '06, and moved to a larger facility last summer. There are currently over 100 employees at the site tasked to usher loans through to closing.
"We have an aggressive growth strategy for 2007, which includes a goal of having a volume that is five times larger than in 2006," said Greg O'Connor, CEO of Lendia. "We are looking to further increase our business development and fulfillment staff this year and develop business relationships that will set the foundation for that goal to become a reality."
Lendia is headquartered in Marlboro.
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