General Motors’ finance unit says that its mortgage division is hiring 1,000 new workers to handle refinancing and jumbo loans, according to Reuters.

GMAC LLC said after receiving a $6 billion federal emergency loan in December and becoming a bank holding company, deposits and low mortgage rates have benefited the firm.

GMAC said its Residential Capital LLC subsidiary is making more jumbo loans, which are usually amounts above $417,000, although customers are starting off by placing at least 20 percent down payments.