IndyMac Bank adds mtge. professionals to its growing retail workforce

Thursday, February 14 2008, 07:28 PM EST

Contributed by: Mel Fabrikant

The company hires 17 staff members, expanding its reach and national customer service capabilities in the retail lending landscape

IndyMac Bank, F.S.B. (Indymac Bank®), the seventh-largest savings and loan and the second-largest independent mortgage lender in the nation, today announced 17 additions to its growing workforce within its New York Mortgage Company and Indymac Bank retail lending network.

The following new hires have a variety of responsibilities within the Indymac Bank Retail Lending Group, including managing individual branch offices and selling and educating consumers on Indymac’s competitive suite of mortgage products. 

NEW JERSEY
Ms. Damaris Posada was named Loan Officer in the Paramus, N.J. office.
Ms. Eluira Frida Rodriguez joins the Paramus, N.J. office as a Loan Officer.

About Indymac Bank

IndyMac Bancorp, Inc. (NYSE: IMB) is the holding company for IndyMac Bank, F.S.B., the seventh-largest savings and loan and the second-largest independent mortgage lender in the nation. Indymac Bank, operating as a hybrid thrift/mortgage banker, provides fair and competitive home financing products. All of the assets and operations of Indymac are held or conducted within the federally insured, thrift-depository institution, Indymac Bank, whose primary funding consists of bank deposits, Federal Home Loan Bank advances, long-term debt and equity. Indymac Bank’s home mortgage products consist primarily of single-family, first-lien mortgages, 90% of which are saleable to the GSEs (Fannie Mae, Freddie Mac, or Ginnie Mae) today. In addition, Indymac offers jumbo, full-documentation home loans (loans that exceed the current GSE loan size limits) and home equity lines of credit to prime credit-quality borrowers. The prime home equity loans are subject to a maximum 90% CLTV. Indymac does not offer subprime loans that are not saleable to the GSEs. Indymac Bank also provides FDIC-insured retail banking products to facilitate consumers' personal financial goals.

For more information about Indymac and its affiliates, or to subscribe to the Company's Email Alert feature for notification of Company news and events, please visit our website: http://about.indymacbank.com/investors. Indymac's corporate blog can be found at: http://www.theimbreport.com.

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