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Mortgage Employment News


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Last Updated Friday, August 01, 2014 08:40 AM Central


Mortgage Employment Expands
Mortgage jobs at banks and non-banks expanded by an estimated 5,600 positions in June. Across all industries, the unemployment rate inched up last month.

Guild Sees Healthy Year-Over-Year Performance
Compared to a year earlier, Guild Mortgage Co. turned in strong origination performance relative to its peers. Meanwhile servicing and staffing grew.

HomeStreet Mortgage Originations Soar
Quarterly residential lending activity shot up at HomeStreet Inc., and the company expects full-year activity to exceed last year's production level.

Quarterly Gains in Quicken Originations, Servicing
Quicken Loans Inc. made a gain in its quarter-over-quarter originations, though not quite as much as the industry overall. Meanwhile, Quicken's mortgage servicing portfolio was modestly higher, and staff numbers held up.

Big Jump in McLean Mortgage Originations
McLean Mortgage Corp. steamrolled ahead with new business as its loan originations leapt by nearly three-fourths on a quarter-over-quarter basis.

NC Firm Discloses Mortgage Layoffs
A company based in the financial hub of North Carolina has disclosed plans to eliminate more than a hundred mortgage jobs.

Wingspan Hiring Spree Continues in Texas
Just a few weeks after announcing a recruiting campaign for Florida employees, Wingspan Portfolio Advisors LLC is looking to grow its staff in North Texas.

Flagstar Production Up as Servicing, Staffing Fall
Home lending strengthened on a quarter-over-quarter basis at Flagstar Bancorp Inc., though the company reduced its mortgage assets, servicing and staffing.

Mortgage Metrics Improve from Q1 at SunTrust
On a quarter-over-quarter basis, residential loan originations, home loan delinquency and mortgage production earnings were all better at SunTrust Banks Inc.

Prison for Former BofA Short Sale Employee
The case of a former Bank of America Corp. employee who was sentenced this week for participating in a short sale fraud scheme was by no means isolated.


archive of Mortgage Employment News



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

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Mortgage Recruiting Newsletter
Tips about attracting and retaining top mortgage talent.
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Average Originator Stays With Same Employer Several Years
Loan originators tend to be a loyal bunch, with the average originator having been at the same employer for several years, according to the 2012 Loan Originator Survey.
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Loan Originator Income
Nearly 60 percent of the originators who participated in the 2012 Loan Originator Survey indicated they earn at least $100,000 annually.
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2013 Finance Employment Outlook
The 2013 Finance Employment Outlook from Monster looks at the future for employment in mortgage lending and other financial industry jobs. Mortgage Daily Publisher Sam Garcia is quoted in the report.
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Mortgage Employment Index
Analysis of mortgage layoffs and hirings by state and by company from 2006 to present.
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Mortgage Employment Statistics



Q1 2013 employment lawsuits




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