Real estate agent Jeff Landau has a strategy that targets homes in need of maintenance or other updates to maximize their value.
Ventura County Star
An international real estate and mortgage services company has opened an office in El Paso and plans to hire about 250 people by the end of the year, officials announced Wednesday.
Altisource Portfolio Solutions S.A.’s U.S. subsidiary has opened a temporary Downtown El Paso office and plans to open its permanent facility April 2 in a 30,000-square-foot building in the Northwest Corporate Center in West El Paso, said Kandy White, Altisource senior vice president of global operations.
“This will be our largest location in the U.S. It will be larger than our Atlanta (U.S.) headquarters. And our goal is for El Paso to be our United States center of excellence. It will be the target location where we grow new business and where we bring our most credible business,” White said.
Kandy White, senior vice president of global operations for Altisource Portfolio Solutions, talks about opening an office in El Paso at a Wednesday, March 11, 2020, news conference. (Photo: VIC KOLENC/EL PASO TIMES)
The company looked at 900 cities before it picked El Paso for the new location, White said.
She’s familiar with El Paso because she worked here for other companies in the past, and she urged company leaders to choose El Paso in part because of its diverse workforce with a strong work ethic, White said.
The company was not recruited to El Paso and is not getting city or county tax breaks for the expansion, White said after a news conference with El Paso Mayor Dee Margo, County Judge Richard Samaniego and Jon Barela, chief executive officer of the Borderplex Alliance, the regional economic development organization.
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“We’re finding in this location you can get talent of all different (experience) tiers,” White said. “We feel this market is really ripe with opportunity to get the kind of talent that we need.”
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Jobs range from mortgage loan processors to customer care associates. White would not divulge wage or salary levels, but said the company’s average pay will be “above El Paso’s market range.” People can apply online at altisource.com.
Altisource is headquartered in Luxembourg, but has its U.S. headquarters in Atlanta. It provides a host of real estate-related services, including hiring people, maintaining properties and processing mortgages, White said. It also sells properties via contracted real estate agents and auctions, White said.
Its customers include banks, mortgage loan providers and investors, according to its 2019 annual report.
The company, which trades its stock on the Nasdaq Global Select Market exchange, had revenue of almost $649 million in 2019, but lost almost $306 million, according to its 2019 annual report.
Vic Kolenc may be reached at 546-6421; [email protected]; @vickolenc on Twitter.
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