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Royal United Mortgage, LLC, a consumer mortgage and home equity financing provider, recently announced plans to expand its operations here, creating up to 140 new jobs by 2013.
The company, which last month was recognized as a 2011 "Company to Watch" recipient, will invest $1.85 million towards the leasing of a new facility on the north-side of Indianapolis.
"Seeing a home-grown company like Royal United Mortgage expand and invest in Indiana is great news," said Governor Mitch Daniels. "Our pro-business climate allows businesses like Royal's to flourish and create more jobs for hard-working Hoosiers."
Royal United currently employs 151 associates in Indianapolis and has already begun hiring additional mortgage advisory, operations, technology and servicing associates.
"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 Michael Keleher, president of Royal United Mortgage. "Our results have proven this to be true. I am proud of our team and look forward to our expansion.
Founded in 2008 by Craig L. Royal and Michael P. Keleher, Royal United Mortgage began operations with 22 associates and later grew to employ more than 150 in just three years. In 2009, The Indianapolis Star named it one of the "Top Five Places to Work" in Indianapolis.
The Indiana Economic Development Corporation offered Royal United Mortgage, LLC up to $1,000,000 in performance-based tax credits and up to $120,000 in training grants based on the company's job creation plans. The city of Indianapolis will consider additional property tax abatement at the request of Develop Indy.
"Indianapolis is a competitive place to launch and grow small businesses thanks in large part to our fiscal responsibility and our success in achieving a stable outlook for the future," said Mayor Greg Ballard. "Royal United Mortgage is a great example of a dynamic young company that has quickly experienced tremendous growth here. We look forward to their continued success as they expand their presence even more."
Royal United's announcement comes just two weeks after Angie's List announced plans to expand its Indianapolis headquarters and create 500 new jobs and Old Dominion Freight Line announced it would expand its Indianapolis hub and create 183 new jobs.
About Royal United Mortgage
Royal United Mortgage, LLC, headquartered in Indianapolis, Indiana, is a privately-held, predominantly employee-owned mortgage bank. In business since March of 2008, the company provides consumers with mortgage and home equity financing. The firm was founded with the purpose of enriching the communities it serves. It does so by providing consumers with a wide product-array, competitive pricing and advisors that guide consumers to the best financial solution for both their short and long-term needs. Learn more about Royal United Mortgage at www.royalunitedmortgage.com.
About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Mitch Roob serves as the chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.in.gov.
