State Licensed Loan Originators at Record High
The quarterly number of registered mortgage loan originators expanded on a year-over-year basis, with the state-licensed count reaching the highest level on record.
CA Lender Hires Billion Dollar Mortgage Originator
One of the nation's top-producing loan originators, who has generated more than $1 billion in production, has been hired by a firm based in the Golden State.
Mortgage Hirings Slow, But Continue
Although mortgage-related hirings have been recently declining, several thousand veterans have been hired by a bank, and one firm is adding a thousand jobs in the Grand Canyon State.
Guaranteed Rate Adding 100 California Jobs
Following a successful recruiting campaign in its home town, Guaranteed Rate will run the same campaign in Southern California. No experience is needed.
Reverse Mortgage Servicing Layoffs at Wells Fargo
The sale of servicing rights on reverse mortgages by Wells Fargo & Co. has resulted in a staff reduction of more than a hundred positions.
Mortgage Jobs Fall as US Employment Data Weakens
Monthly job growth within all U.S. industries weakened as unemployment worsened. After rising four straight month, non-bank mortgage employment retreated.
Loan Processor Sues Wells Fargo for Harassment
A federal lawsuit filed against Wells Fargo & Co. alleges that the company did nothing when a mortgage processor reported sexual harassment by her boss.
Best Employers Include Several Mortgage Firms
Among recently recognized best employers were several mortgage banking firms, a pair of banks and a mortgage service provider. One home lender has been designated as a "cool" employer.
MSR Losses Hurt Mortgage Servicing Income
An increase in quarterly losses from mortgage servicing rights drove earnings down from the prior period. But income was better than in the same quarter last year.
Lower Staff Costs Help Mortgage Production Income
A decrease in employee expense was behind a quarter-over-quarter improvement in mortgage production earnings. But there was year-over-year deterioration.