First Mortgage Options unveils expansion plans

Specialist mortgage packager First Mortgage Options plans to take on another 20 staff after the company&#39s business doubled in size during 2002.

The vacancies will be created in the company&#39s rapidly expanding mortgage processing department. More jobs could be created if the company exceeds its targets.

During the last year the Northwich-based FMO generated £120m in sales of its range of mortgage, remortgage and secured loan products.

Debbie Lloyd, operations director, says: “We&#39re recruiting now so that we are in a position to continue growing. While we are looking for experienced people in the financial services industry, we are not blinkered in our approach – we simply want to employ quality people.

“If that means they are not familiar with our market, but have got the right attitude and aptitude, then we have an in-house training and qualification programme that will bring them quickly up to speed.”

FMO specialises in offering residential mortgages and secured loans to people who fail credit scoring systems at high street lenders.

Alan Hill, managing director of FMO, says: “We are absolutely delighted with our progress. I expect at least 20 jobs to come on during the course of the year, with more likely to come online by the end of the year.”

The company says its rapid expansion is being aided by the huge growth in loan products designed to help consumers consolidate their debts.