Mortgage Subservicer Hiring Hundreds in Missouri
A company that subservices residential loans has opened a new office in Missouri and plans to add hundreds of new employees by the end of this year.
Management Shakeup As Impac Swings to Loss
Earnings swung to a loss at Impac Mortgage Holdings Inc., and the company's chief is out. Retail lending led a plunge in originations even as non-QM business soared. Staffing expenses were down on job cuts.
Churchill Mortgage Adds Wholesale Originations
Home lending activity turned lower at Churchill Mortgage Corp., as did headcount. The company has started reporting originations through the wholesale channel.
More Mortgage LOs Leave Banks for Non-Banks
As the number of residential loan originators grew last year, a bigger share of the group found themselves working at non-bank lenders for the second year in a row.
Mortgage Service Provider Hiring
A mortgage service provider has some aggressive hiring plans -- with around a hundred positions expected to be filled in the next month.
Guaranteed Rate Lays Off Production Employees
More than a hundred employees have been laid off by Guaranteed Rate Inc. But the company says that it still has plans to hire more new employees this year than in any other previous year.
Mortgage Staffing Slashed Amid Strong Jobs Report
A strong employment report has already driven up interest rates. Despite the strength, the number of non-bank mortgages jobs declined by nearly 4,000 positions.
Retail, Reverse Overcome Lending Slump at Ocwen
Total mortgage originations weakened last year at Ocwen Financial Corp. But retail lending and reverse mortgage production both significantly increased. Also improving was delinquency. Staffing subsided.
Citizens' Home Lending Drops, Servicing Grows
Although quarterly and annual mortgage production was down at Citizens Financial Group Inc., the residential asset and servicing portfolios have grown. Company-wide staffing, meanwhile, subsided.
Record Purchase Lending at Guild, Staffing Grows
Annual home lending held up at Guild Mortgage Co., which reported an all-time high for purchase-money volume. Staffing expanded, but the servicing portfolio was slashed.