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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

mortgage employment activity by company




journalists request complimentary full report from
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PRESS RELEASE


Q3 Mortgage Employment Index Down, Wisconsin Leads


DALLAS -- (Jan. 25, 2016)
Wisconsin led a quarterly contraction in mortgage staffing, though nearby Michigan had a healthy gain.

At the end of the third-quarter 2015, there were an estimated 644,300 people who were employed in mortgage-related positions.

That was based on a Mortgage Daily analysis of government data and origination market share.

Total industry headcount declined from the second quarter, when it was an estimated 646,100.

It grew, though, from the third-quarter 2014, when the total was an estimated 630,200.

The Sept. 30, 2015, total consisted of an estimated 284,600 mortgage jobs at banks, 60,000 home lending employees at credit unions and 299,700 people working at non-bank mortgage firms.

Mortgage Staffing by Quarter
Type Q3 2015
Banks 284,600
Credit Unions 60,000
Non-Banks 299,700
Total 644,300

In the Mortgage Daily Third Quarter 2015 Mortgage Employment Index report, there were 4,797 mortgage-related layoffs tracked during the period from July 1, 2015, through Sept. 30.

During the same period, there were just 3,876 hirings tracked -- putting the net loss of jobs tracked at 921.

Michigan had the biggest gain of any state.

Biggest Q3 Job Gains by State
State Net
Michigan +1,058
Arizona +300
Virginia +262
Washington +86
Florida +82

There was a bigger net loss of mortgage jobs tracked in Wisconsin than any other state: 722.

Biggest Q3 Job Losses by State
State Net
Wisconsin -722
New York -377
California -370
Colorado -265
Texas -140

Looking at quarterly staffing changes by company, Quicken Loans had the biggest gain during the most-recent period.

Biggest Q3 Job Gains by Company
Company Net
Quicken 1,000
loanDepot +700
Movement Mortgage +536
Guaranteed Rate +301
Fairway Independent +233

The largest home lender, Wells Fargo, had the biggest loss of any lender.

Biggest Q3 Job Losses by Company
Company Net
Wells Fargo 1,434
Bank of America -1,400
Discover Home Loans -474
Chase -350
Urban Lending Solutions -265

Full Q3 2015 report is available to subscribers:
www.MortgageDaily.com/stories/MortgageEmploymentIndex012516.asp?spcode=pr

Historical Mortgage Employment Index data is at:
http://www.mortgagedaily.com/MortgageEmploymentIndex.asp?spcode=pr

Mortgage employment news:
http://www.mortgagedaily.com/MortgageEmployment.asp?spcode=pr



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. Mortgage Daily also publishes the Mortgage Market Index and a ranking of the biggest lenders. Visit Mortgage Daily at www.MortgageDaily.com.



CONTACT:
newsalert@MortgageDaily.com


Source: Mortgage Daily




Mortgage Employment Index Third Quarter 2015



mortgage employment activity by state

mortgage employment activity by company



journalists request complimentary full report from
newsalert@MortgageDaily.com


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