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Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.

mortgage employment activity by state

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Mortgage Employment Index Jumps Most in Nearly 4 Years

DALLAS -- (June 3, 2013) /PRNewswire/ The first quarter proved to be the best since 2009 for jobs in real estate finance. Much of the gain was in the state of Michigan.

The mortgage industry had a net gain of 5,129 jobs in the first quarter, according to the Mortgage Employment Index from Mortgage Daily

It was the best showing since the second-quarter 2009, when there was a net gain of 8,253 mortgage-related jobs over the prior period.

The net job gain was 2,571 three months earlier and a revised 2,969 a year earlier.

The findings were based on job activity covered by Mortgage Daily.

The most recent total reflected 2,930 layoffs and 8,059 hirings.

Period Layoffs Hirings Net
Q1 2013 2,930 8,059 +5,129
Q4 2012 2,404 4,975 +2,571
Q1 2012* 3,881 6,850 2,969

Thanks to aggressive growth at Quicken Loans, Michigan turned in the biggest increase of any state.

Hirings in Tempe, Ariz., helped land the Grand Canyon State in the No. 2 position.

Biggest Job Gains by State
State Net
Michigan +2,433
Arizona +1,150
Texas +607
Missouri +227
Georgia +200

At the other end of the scale were the Carolinas, which had more mortgage job losses than any other states.

Biggest Job Losses by State
State Net
North Carolina -314
South Carolina -298
Minnesota -210
California -200
Florida -117

Quicken had the biggest gain of any company, followed by Wells Fargo and Nationstar Mortgage.

Biggest Job Gains by Company
Company Net
Quicken +2,000
Wells Fargo +1,475
Nationstar +700
PHH Mortgage +450
Wingspan +400
Title Source +400

As they scaled back their massive default servicing staffs, JPMorgan Chase and Bank of America took the biggest hits.

Biggest Job Losses by Company
Company Net
Chase -821
BofA -651
HSBC -400

Full Q1 2013 report is available to subscribers at:

Historical Mortgage Employment Index data is available at:

Mortgage employment news:

About Mortgage Daily
Founded in 1998 by 20-year mortgage industry veteran Sam Garcia, Mortgage Daily is a leading online source of mortgage news and mortgage statistics. In addition to the Employment Index, Mortgage Daily also publishes the weekly Mortgage Market Index and quarterly Mortgage Litigation Index, Mortgage Fraud Index and ranking of the biggest lenders and servicers. Visit Mortgage Daily at

Holly Himelright
journalists request complimentary report:
[email protected]

Source: Mortgage Daily

Mortgage Employment Index 1st Quarter 2013

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