Default Service Provider Hiring 100
Rapid growth at an Arizona firm has created 100 job openings. The default service provider said its success is tied to the government's new program that provides incentives for mortgage servicers to utilize short sales.
In a news release today, Loan Resolution Corp. said it plans to hire 100 new employees this month.
The jobs being filled include executive-level and entry-level positions.
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Reverse Firm Closing, Warns of Massive Consolidation
The president of a Chicago-based reverse mortgage firm is shutting down operations and warning that the reverse mortgage market is too crowded with mortgage brokers. He predicts that just a handful of firms will survive.
Former Quicken Executive Launches New Firm
A former executive of Quicken Loans Inc. -- whose altercation with the company's founder prompted a police investigation -- has launched his own company. Nearly a hundred new employees could be working there by next year.
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Wells Adds 6,000 Servicing Jobs in 6 Months
The servicing staff at Wells Fargo & Co.'s mortgage unit has increased by more than 6,000 employees during the past six months. Many of the hirings supported the government's loan modification program.
Fifth Third Expanding in Tennessee
After adding more than 100 mortgage loan originators during the past 90 days on a national basis, Fifth Third Bank has turned its attention to Tennessee.
Quicken Maintains Healthy Pace of Hirings
Quicken Loans Inc. has hired hundreds of new employees over the past two quarters. Today it is recruiting 75 more.
More Mortgage Job Losses
More jobs slipped away from the mortgage sector.
GA Firm Expanding, Hiring
Expansion at a mortgage outsourcing firm will result in dozens of new Georgia jobs.
Wells Fargo Top HAMP Producer
Wells Fargo & Co. has completed more modifications under the government's program than any other servicer. But Citigroup Inc. has reached the biggest share of its borrowers who are eligible under the program. Over at Bank of America Corp., the company has staffed up to improve its modification performance.
Mortgage Employment Expands in 09
Following three years of job losses when more than 100,000 positions were eliminated, mortgage employment expanded last year, according to the MortgageDaily.com Fourth-Quarter 2009 Mortgage Employment Index.
