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.
Staffing at NewDay USA has grown from around 265 employees as of Dec. 31, 2012, to 360 employees as of May 15, the Fulton, Md.-based firm reported to Mortgage Daily. By next year, the reverse mortgage lender hopes to grow to a thousand employees.
The April 18 approval of a jobs incentive program for Digital Risk by the city commissioners of Lake Mary, Fla., is expected to result in the addition of 300 jobs by the end of this year, according to meeting minutes.
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.
Caliber Assembles Full-Service Shop
A mortgage banker that already generates mortgage originations through retail and wholesale channels is now opening a correspondent lending channel.