Hilltop Holdings lets around 330 loan officers go, hires more in shakeup

Dallas-based finance company Hilltop Holdings (NYSE: HTH) has shaken up its lineup of loan officers as the mortgage business took a hit last year.

The bank fired 334 loan officers and hired 370 in their place, executives told investors on a conference call Jan. 25.

“We’re cleaning that up,” Hilltop Co-CEO Alan White said on the call. “We got rid of people who were not producing and were not generating revenue for us.”

Lenders have been choked off from the refinancing business that in…

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