Former CEO: Richard H. Deihl
Status: Out of business as of 1998
Home Savings of America (HSA), one of the largest savings and loan companies in the nation''s history, was operated under the umbrella of H.F. Ahmanson & Co. until its sale to the Washington Mutual Company in 1998. HSA adhered to strict home loan guidelines and was thus able to remain strong throughout declines in the real estate industry during the 1990s. Home Savings of America became the cornerstone of H.F. Ahmanson & Co. in 1947 and was considered one of the strongest loan agencies in the U.S. for many decades. HSA was a California-based company that grew to employ individuals in offices throughout the U.S.
The HSA culture valued employees who were attentive to detail and able to offer excellent customer service while following all state and federal guidelines that regulated the loan industry. Loan officers, processors and other loan support staff enjoyed stable careers while working at Home Savings of America. They were compensated competitively; many loan officers earned excellent commissions and were able to forge long-term careers in this industry. HSA offered employees support as they studied for licensing and regularly offered courses to keep employees up-to-date on requirements in this industry.
Home Savings of America careers were prized for the excellent growth opportunities they offered. Many employees started with the company in entry-level positions, eventually working up to management or loan officer positions. HSA employees benefited from working for a company that could offer job security and decent advancement opportunities. Sales personnel generally had a good pool of leads to draw from and could count on meeting their sales goals on a regular basis. Many employees and executives of HSA honed their marketing skills while working at the company. HSA was well-known for implementing direct mailing campaigns in new markets, generally with very good results.
Most employees of the company were offered a generous HSA benefits package which included medical insurance. They received salaries that were greater than those offered by other companies in this field and benefited from a multi-faceted bonus and promotion program. Regional loan service centers provided large-scale employment opportunities in several communities and further established the company as a major employer in the savings and loan industry. After HSA was sold, many individuals continued working in the savings and loan industry. They continued to leverage the skills gained at Home Savings of America as they moved to new companies.