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Mortgage Company's Expansion in Indianapolis Expected to Create 140 Jobs

Royal United Mortgage, LLC, has announced plans to expand operations in its headquarters city of Indianapolis, IN, and create up to 140 jobs by 2013. The company will invest over $1.85 million in new capital (including the leasing of a new facility) as part of the project.

Royal United is a privately held, predominantly employee-owned mortgage bank providing consumer mortgage and home equity financing. Presently it employs 151 workers in Indianapolis, and already has begun hiring new mortgage advisory, operations, technology and servicing associates.

The Indiana Economic Development Corporation offered Royal Mortgage United, LLC up to $1,000,000 in performance-based tax credits and up to $120,000 in training grants. Develop Indy (Marion County's economic development organization) will support a personal property tax abatement for approval by the Metropolitan Development Commission dependent upon the company's job creation and investment plans.

"When we launched this business a little over three years ago, we were confident that the resources available to us in the Indiana market would provide us with some of the best and brightest in this industry," said President Michael Keleher. "Our results have proven this to be true. I am proud of our team and look forward to our expansion."

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