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Last Updated July 16, 2018 9:29 PM Central


BofA Earnings, Mortgage Originations Up
Quarterly earnings were stronger at Bank of America Corp. as originations improved. The payroll expanded, and the residential and commercial mortgage portfolios grew.

Citi's Home Lending Up, Mortgage Earnings Down
As company-wide earnings improved at Citigroup Inc., mortgage income fell. Headcount, servicing and single-family assets were all lower, and delinquency was higher. But residential loan originations rose.

Mortgage Originations Up at Chase, Servicing Down
Although quarterly mortgage earnings deteriorated from a year ago at JPMorgan Chase & Co., company-wide income rose. Mortgage originations fell, as did servicing and headcount.

Wells Fargo's Home Lending Heightens, Headed Higher
Company-wide earnings deteriorated at Wells Fargo & Co. But it boosted quarterly home lending volume, and the current quarter is poised for further escalation. Correspondent share tumbled.

Politician Questions Wells Fargo Mortgage Layoffs
A U.S. senator is demanding more information from the chief executive officer of Wells Fargo & Co. about mortgage job cuts in his state as the company outsources work overseas.

Wells Fargo Cutting Md Mortgage Jobs
As the inventory of foreclosed properties has diminished at Wells Fargo & Co.'s mortgage banking unit, the company is reducing headcount in Maryland.

Mortgage Employment Expands Despite Broker Drop
After sinking to the lowest level since the turn of the century, unemployment rose as the labor participation improved. Despite a drop in broker count, non-bank mortgage employment grew.

New Mortgage Call Center Will Employ Over 100
A new call center in South Carolina that was launched by Princeton Mortgage Corp. will be the home for in excess of a hundred new employees.

Over 100 Mortgage Jobs Being Created in NM
Less than a month after hiring a new president, Waterstone Mortgage Corp. announced plans to add more than a hundred people to its staff in the Land of Enchantment.

Wells Fargo Shifting Staff to Lower-Cost Areas
St. Louis is among lower-cost cities that Wells Fargo & Co. is looking to relocate some of its workforce to as it moves some staff out of high-priced areas.


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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.


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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.
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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



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