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Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.

Recruiting Active in Mortgage Industry

Recent mortgage-related hirings

May 12, 2012

By SAM GARCIA Mortgage Daily

portrait of Sam Garcia

Mortgage-related jobs are being added by a diverse group of companies including credit unions, service providers and reverse mortgage lenders. The hirings are spread throughout the country, though New York, Ohio and Texas are seeing more than their fair share of new recruits.

A search for mortgage jobs at, a job search site that aggregates job openings from multiple sources, indicated that there are currently 33,442 job openings across the country. While the majority of open positions (29,702) are at salaries less than $40,000, there are 2,928 openings that pay at least $100,000 and another 4,835 jobs paying at least $80,000.

Openings in the city of New York accounted for 717 of the open mortgage jobs, while another 558 positions were open in Dallas and 552 mortgage employees are being recruited in Jacksonville, Fla.

More than 300 process support reviewer jobs are being filled by Adecco Staffing US, a March 19 announcement indicated. The open positions are in Buffalo, N.Y.; Pittsburgh; Charlotte, N.C.; Simi Valley, Calif.; and Richmond, Va. Word of the hirings follows a February announcement that 400 positions were being filled by Adecco in North Texas.

Quicken Loans Inc., which in March said it was recruiting more than 1,400 team members including 800 permanent positions, reported earlier this month that 100 team members are being hired in Cleveland. Quicken owner Dan Gilbert is also the owner of the Cleveland Cavaliers. Quicken's Cleveland center currently employs more than 300 people and specializes in loans guaranteed by the Department of Veterans Affairs.

After recruiting around 2,500 employees last year in Central Ohio, JPMorgan Chase & Co. said in February that it plans to recruit another 350 people in the region over the next five years. Many of the hirings have been in mortgage lending.

In addition, Chase said in November that it was hiring nearly 60 mortgage employees in Cleveland. The positions were second-shift operations jobs for originations. Another 60 banking jobs were also being added.

More than 8,500 people are employed at Navy Federal Credit Union, according to data on its website. Assets are $48 billion, while membership is 3.9 million at the Vienna, Va.-based financial institution.

In February, Origination News reported that as many as 600 people are being hired at a Pensacola, Fla., call center. The article indicated that Navy serviced $29 billion in mortgages and ranks as the nation's 30th-biggest lender.

A Feb. 6 article from the Pittsburgh Business Times indicated that USAA-subsidiary United Lender Services expected to increase its staff by 100 employees during the next 12 months. Staffing at the Findlay, Pa., mortgage-service provider stood at just 65 people at the time.

During the past 12 months, 67 employees have been added at Paramount Equity Mortgage, a news release last month said. Six new branches were opened during the period. Growth at the Roseville, Calif.-based company is expected to continue into next year.

In New Jersey, Sun National Bank disclosed last month that it hired 50 former employees of MetLife Home Loans -- which is going out of business. Half of the recruits are loan officers and the rest work in support services. The employees will work from offices in Florham Park and Turnersville. The new hires have already helped the Vineland, N.J.-based company increase originations by 132 percent over the prior quarter.

Mortgage loan officers, closers and processors are among the open jobs being advertised by 1st Mariner Bank. Underwriters are also being recruited by the Baltimore-based bank.

The Baltimore Business Journal reported in March that 50 people are expected to be hired this year by subsidiary 1st Mariner Mortgage. The positions include processors, who will earn around $50,000 annually; underwriters, who will be paid between $60,000 and $65,000; and commission-based loan officers, who will earn between $75,000 and $100,000.

The Nov. 4 acquisition of Zenta Mortgage Services by Accenture is not expected to slow hiring at the Dallas-based company -- which said in December 2009 that it planned to add 1,002 jobs in North Carolina during the following five years. The Charlotte Business Journal reported shortly after the acquisition that the company was still in a hiring mode.

Brentwood, Tenn.-based Churchill Mortgage reported that 29 new employees were added last year. The new recruits work in several Tennessee branches.

Network Funding LP reports that it is licensed in 27 states with branches in 22 states. The Houston-based firm reports $2 billion in 2010 originations. A recent report from indicated that a majority of 40 new hires were former Wells Fargo, which said in June 2011 that it would exit reverse mortgage lending.

In the next 12 months, FBC Mortgage LLC expects to add 15 to 25 administrative and operations employees, a recent statement said. In addition, the Orlando, Fla.-based firm expects to increase its sales staff by 20 to 30 people.

Between 20 and 30 people are expected to be hired this year by One Reverse Mortgage LLC, a news release said. The Quicken Loans Inc. subsidiary, which operates from San Diego, currently employs 50 people.

In February, Edina, Minn.-based Minnesota Bank & Trust announced the formation of a new mortgage group. The unit was being staffed with 21 people.

After moving to a larger office, Bay Equity Home Loans said this month that it plans to immediately fill six openings and add five more new employees after that. The San Francisco-based firm reports headcount of 300 employees.

During the past year, Plano, Texas-based Guardian Mortgage Company Inc. added 10 employees, according to an April 25 statement. The company, which said it services more than $2.5 billion in mortgages, plans to continue recruiting.

A job fair was hosted in San Antonio, Texas, during February by Generations Federal Credit Union. Among various open positions are home-equity processors and servicing positions. Generations reports 46,000 members and $396 million in assets.

Credit unions in the Washington, D.C., region had 50 jobs openings as of the end of last year listed with the Maryland & DC Credit Union Association. A variety of open positions include vice president of mortgage lending.

Loan officers, loan processors and underwriters are among the open positions being filled by Nations Lending Corp., according to a March 12 news release. The Independence, Ohio-based company reports $0.5 billion in annual fundings in 35 states.

Nations Lending Vice President of Business Development Craig Montgomery said in an interview that headcount grew from 101 as of Dec. 31, 2010, to 165 by the end of last year. Through early April, another 18 people have joined the firm, and another 40 to 60 are expected to be added by the end of the year. Ongoing hirings include bankers, processors and underwriters.

"Explosive" growth at Quandis Inc. led to a 22 percent expansion of the Foothill Ranch, Calif.-based company's staff last year. Among the positions added were developers, project managers and business analysts. Growth at the default-service provider is expected to continue into this year.

Sam Garcia founded Mortgage Daily in 1998 and became its full-time publisher in 2000. Prior to his news career he worked in mortgage lending for two decades.

[email protected]

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