Lender Hiring Hundreds

A Kentucky-based mortgage banker has hired more than 300 employees over the past 12 months and expects to add more than 300 new positions next year. Most of the company's business is government.

SurePoint Lending funded $0.9 billion in 2007, the company told MortgageDaily.com in a statement. Current volume is around $80 million a month. While originations are estimated to fall to $0.8 billion this year, next year's production is expected to reach $1.4 billion.

Government activity accounts for 80 percent of its business, and conforming makes up the rest.

"We were ranked the 44th largest FHA mortgagee in the country in October 2008," the statement said.