IndyMac Bancorp, Inc., a Pasadena, Calif.-based mortgage company, plans to hire 300 people over the next two to three years for a new home loan servicing center in North Austin and may eventually expand the number of jobs to over 600. The company has leased about 100,000 square feet of Freescale Semiconductor, Inc.’s campus on West Parmer Lane.

“The IndyMac project is yet another California financial services company finding Central Texas the ideal location for expansion,” said Dave Porter, Senior Vice President of Economic Development at the Austin Chamber of Commerce. “Besides IndyMac, other financial services companies from California to move to Austin are Countrywide Mortgage Services and Dimensional Fund Advisors, creating over 1,500 new jobs.”

IndyMac is the third large California financial company to announce a move to the Austin area in the past few months. Dimensional Fund Advisors, an institutional money management firm from Santa Monica, plans to move its headquarters to Austin, possibly creating up to 800 jobs. In January, Education Finance Partners, a private student loan company from San Francisco, announced plans to move operations to Austin, creating about 200 jobs in the region.

Officials from Austin, Round Rock, Cedar Park and the state of Texas are discussing incentives and subsidies to assist IndyMac with its expansion in the area as well as to ensure its long-term presence in Austin.

IndyMac specializes in providing cost-efficient financing for single-family homeowners, many of whom are borrowers with less-than-perfect credit. The company’s headquarters are expected to remain in Pasadena.