Schmidt Mortgage Company, a mortgage banker in Ohio, announced industry veteran John Kulka as its manager of new business development.
Kulka brings 25 years of industry experience in cross-selling mortgage products across related industries, affinity marketing and retail mortgage lending.
“Ohio has seen a steady increase in mortgage volume, and with John’s ability to create additional business opportunities via cross-selling to the relocation and moving industries, we anticipate that Schmidt will be able to capitalize on increased market interest for mortgage products,” said Jeffrey Steed, Schmidt Mortgage executive vice president.
Previously, Kulka served as business development manager for the Ohio-based lender SIRVA Mortgage.
But this new hire is not surprising considering the state of the mortgage market. Third quarter earnings show that mortgage bankers are seeing significant increases, and the larger banks are even seeing increases that are driven by the mortgage department. See here, here and here.