Finance of America Lending/Servicing/Staffing Down
Quarterly mortgage originations were slower at Finance of America Holdings LLC. Also diminishing was the lender's staffing and servicing portfolio.
Mortgage Servicing, Staffing Expand at Caliber
Over at Caliber Home Loans Inc., staffing has expanded by more than 1,500 employees during the past 12 months. Also expanding was its mortgage servicing portfolio.
100s of Mortgage-Related Hirings in Florida
Hundreds of hirings are planned for a mortgage service provider that is opening up a location in Florida next month.
Nationstar Mortgage Adding 500 U.S. Jobs
Five hundred U.S. home lending jobs are being created by Nationstar Mortgage LLC as the company changes its staffing strategy.
Marketplace Home Lender Closing Down
A four-year-old marketplace home lender that was created to transform the manual mortgage process is closing down. Among the factors cited for the demise was regulation.
Mortgage Firms Recognized as Great Employers
Several mortgage banking firms have been recognized as some of the best employers in their communities. One has been designated as the best technology employer.
Fewer Banks Offer Mortgages as Non-Banks Grow
The number of financial institutions offering mortgages has fallen, while non-bank providers are up. The shift pushed up non-bank loan officer share.
Mortgage Recruiters Hire Entire Retail Teams
While some mortgage banking firms are handling new hires one at a time, others are recruiting entire teams of retail loan originators.
Stearns Lending Makes Acquisition
Just months after unloading its own correspondent lending platform, Stearns Lending LLC has made an acquisition that includes a correspondent business.
MSRs Drive Down Mortgage Servicer Income
Despite growth in the size of their portfolios, mortgage servicers saw deteriorating earnings thanks to lower gains on mortgage servicing rights.