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Mortgage Employment News

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Last Updated October 4, 2015 6:00 PM Central

Growing Firms Fuel Mortgage Job Expansion
Quarterly staffing in the mortgage business has expanded, with growing players fueling the increase. Many of the industry's job losses were concentrated in the East.

Mortgage Jobs Hold Up as U.S. Employment Weakens
Among all industries, hirings weakened last month, and the prior month numbers were revised down. But staffing in home lending held steady and could strengthen thanks to a steep decline in rates today.

Wells Fargo Tops Recent Layoff Activity
While mortgage-related layoffs have slowed to a trickle for much of the industry, Wells Fargo & Co. recently eliminated hundreds of positions.

USAA Laying Off TX Mortgage Production Employees
A change in the way it does business with its mortgage customers has USAA eliminating more than a hundred mortgage jobs in North Texas.

Outcome of Quicken Case Could Impact Social Media
The outcome of a federal action against Quicken Loans Inc. could impact what employees can say about their employers on social media sites.

Employees Added at Mortgage Firms
Although Mortgage Daily typically covers hirings involving at least 25 employees, many of the job additions are under the radar. Here are some of them.

Ocwen Cuts 10% of U.S. Staff 
Job cuts in mortgage servicing announced by Ocwen Financial Corp. amount to more than one-tenth of its domestic workforce.

Chase Layoffs in NY Include Mortgage Jobs
Nearly 200 employees in the Empire State are being let go by JPMorgan Chase & Co., and some of the impacted jobs are in home lending.

Mortgage Entrepreneur Acquires Bank
The owner of a growing mortgage banking firm has also become a controlling stockholder of a federally regulated financial institution.

Nearly 200 Wells Fargo Mortgage Layoffs
Nearly 200 mortgage employees are being laid off by Wells Fargo & Co. Many of the affected employees are located in the Carolinas.

archive of Mortgage Employment News

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.

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Mortgage Recruiting Newsletter
Tips about attracting and retaining top mortgage talent.
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Average Originator Stays With Same Employer Several Years
Loan originators tend to be a loyal bunch, with the average originator having been at the same employer for several years, according to the 2012 Loan Originator Survey.
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Loan Originator Income
Nearly 60 percent of the originators who participated in the 2012 Loan Originator Survey indicated they earn at least $100,000 annually.
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2013 Finance Employment Outlook
The 2013 Finance Employment Outlook from Monster looks at the future for employment in mortgage lending and other financial industry jobs. Mortgage Daily Publisher Sam Garcia is quoted in the report.

Mortgage Employment Index
Analysis of mortgage layoffs and hirings by state and by company from 2006 to present.
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Mortgage Employment Statistics

Q1 2013 employment lawsuits

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