Laureate Realty Services, the commercial mortgage subsidiary of Resource Bancshares Mortgage Group, hired two former employees of Criimi Mae Inc. for its new loan production office in Memphis.

N. Gayle Mobley, the former director of Criimi Mae's defunct Memphis office, is to run Laureate's new office there. She will be joined by loan officer Randall M. Engel, who also worked in Criimi Mae's Memphis office.

The Memphis office is Laureate's 12th.

Criimi, based in Rockville, Md., filed for Chapter 11 bankruptcy protection in October and shut down its Memphis office Oct. 30.

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