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Paddio joins One Call Care Management in a building on West Bennett Street.
SBJ file photo
Paddio joins One Call Care Management in a building on West Bennett Street.

Top VA lender puts down roots in Springfield

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The nation's top Veterans Affairs lender is putting down roots in Springfield with the launch of a new company.

Columbia-based Mortgage Research Center LLC, dba Veterans United Home Loans, plans to add 100 local jobs with the creation of Paddio, a full-service mortgage lender with its headquarters in Springfield, according to a news release.

“By focusing on purchase loans rather than riding refinance waves, we are creating jobs that can be career positions," said Ryan Kluttz, director of production for Paddio, in the release. “We look forward to becoming part of the Springfield community and welcoming more employees into our family.”

Springfield Area Chamber of Commerce spokesperson Jeremy Elwood said Paddio leased space at 1930 W. Bennett St., occupying the other half of the building taken on in 2017 by Jacksonville, Florida-based One Call Care Management. The chamber worked with Veterans United Home Loans and Paddio to expand into Springfield. The plans for 100 workers qualify Paddio for incentives via Missouri Works, through which companies can utilize tax reductions or credits in exchange for jobs and investment plans.

Elwood said Paddio recently hired 30 employees for the West Bennett Street space, which already has been built out.

Veterans United Home Loans in fiscal 2019 originated the most loans that were guaranteed by the Department of Veterans Affairs, according to data on the agency's website. Veterans United Home Loans worked on 53,328 guaranteed loans with an average loan amount of $240,490, according to the VA data.

Veterans United Home Loans recently ranked as the No. 1 employer in Missouri on a Forbes list based on survey data from 80,000 workers nationwide.

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