Lower Expenses Drive Up Mortgage Production Profits
As quarterly home-lending volume escalated, mortgage banking organizations were able to lower their per-loan production expense and boost their per-loan profits.
CashCall Cuts Mortgage Staffing
A recent round of layoffs at CashCall Inc. has been attributed to seasonal and market factors that are expected to impact the entire home-lending industry.
Mortgage Jobs Increase But Likely to Decline
Mortgage employment has expanded for eight consecutive months now, though recent market conditions are likely to lead to contraction.
FHA Contracting Restrictions Eased
Requirements on the utilization of contract employees by Federal Housing Administration mortgagees is being relaxed for some functions.
Huntington Bank Adding Ohio Jobs
The banking subsidiary of Huntington Bancshares Inc. is adding a thousand Ohio jobs. The additional staffing includes positions in mortgage banking.
Culture Behind Best Mortgage Employers
Several mortgage bankers and mortgage service providers were among companies recently recognized as best employers. Culture was cited among some for their elevated status.
Across-the-Board Growth at Fairway Independent
In addition to boosting its quarterly home-lending activity, Fairway Independent Mortgage Corp. expanded its residential loan servicing portfolio and grew its payroll.
Mortgage Acquisition Followed by Hirings
A deal that was announced earlier this month to acquire Prospect Mortgage LLC has been followed by the hiring of nearly two dozen loan originators.
Attracting High Producing Mortgage Originators
A survey of high-producing loan originators highlights what the group considers important when evaluating a potential lender for employment.