Special Servicers Recruiting Originators
At least two fast-growing special servicers are adding employees, and both are targeting mortgage loan originators -- though for different reasons.
One of the companies, Wingspan Portfolio Advisors LLC, has seen its staffing grow from fewer than a hundred employees in 2009 to nearly 2,000 people this year.
Dallas-based Wingspan, which is a Mortgage Daily advertiser, has been advertising for loan officers to staff its new origination business.
Production Jobs Dominate Mortgage Hirings
Two years ago, it was mortgage servicers that were doing most of the recruiting in real estate finance. Today, however, it is increased mortgage originations that are driving mortgage recruiting efforts.
Robust Originations Drive Hirings at KC Firm
Mortgage business has been stronger than expected at a thrift that operates a national mortgage business from the Kansas City area.
New Digs, More Employees for United Shore
United Shore Financial Services LLC has consolidated its Detroit-area locations and moved into a new headquarters location -- clearing the way for hundreds of hirings.
New Business Eases at Churchill
The mortgage business was little changed from the final three months of last year at Churchill Mortgage, though loan closings were slightly better on a year-over-year basis.
Correspondent Business Soars at Stonegate
Quarterly mortgage originations increased at Stonegate Mortgage Corp., with correspondent lending activity surging even as new retail business floundered. The mortgage servicing portfolio jumped by nearly half over the past three months.
BOK Business Slips as Servicing, Staffing Edge Up
Despite a modest improvement in correspondent mortgage originations, overall mortgage production was slower at BOK Financial Corp. Staffing and servicing, however, edged higher.
Wholesale Business Slows at Fremont
New loan production slowed at Fremont Bank as a result of a decline in third-party originations. The mortgage servicing portfolio, however, leapt past $10 billion.
Originations Off at United Shore
Loan originations slipped from the fourth quarter of last year at United Shore Financial Services LLC. Employment, however, expanded.
Nationstar Mortgage Holdings Inc. reported record originations, grew its mortgage servicing portfolio and expanded its workforce. Thanks to the acquisition of another lender as well as the purchase of additional mortgage servicing rights -- the outlook is for further growth.