twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
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 Hirings Slow, But Continue

Recent hiring activity

Sept. 12, 2017

By SAM GARCIA Mortgage Daily

portrait of Sam Garcia

Although mortgage-related hirings have been recently declining, several thousand veterans have been hired by a bank, and one firm is adding a thousand jobs in the Grand Canyon State.

Each month, Mortgage Daily estimates total mortgage industry employment based on non-bank data from the Bureau of Labor Statistics. The latest estimate was 740,100 jobs as of July.

Mortgage job count declined from an estimated 741,200 in June. It was the first drop in mortgage staffing since February, when the estimated total was calculated to be 720,400.

A recent article from the Orange County Register indicated that job growth in the Southern California market has slowed significantly during the first half of this year.

According to the story, while 19,000 employees were added in the 12 months ended June 30, that was well below the 36,150 average annual pace of the prior four years.

Lending jobs in Orange County were up just 200 jobs this year versus the 1,900 annual pace from 2012 through 2016.

"Higher interest rates means this 42,200-worker niche has cooled as loans like mortgage refinancings dry up," the story said.

An Aug. 4 news release from Wells Fargo Co. said a $108 million settlement resolves allegations it originated refinances guaranteed by the Department of Veterans Affairs that were ineligible.

The announcement from the San Francisco-based bank-holding company indicated that since 2012, Wells Fargo has hired more than 6,700 veterans.

Wells Fargo previously reported a company-wide staff of 270,600 as of mid-2017.

In Tempe, Arizona, Freedom Financial Network reported that it during all of this year, it expects hire nearly a thousand employees. Through its subsidiary, the San Mateo, California-based company says it helps homeowners better understand their loan options and make smarter mortgage decisions.

Information about open jobs at Freedom is online at

Churchill Mortgage Corp. announced last month that it added 16 new employees in branches across Arizona, Colorado, Michigan, Tennessee, Texas and Virginia. Staffing at Brentwood, Tennessee-based Churchill, which was previously reported at 362 people as of June 30, has jumped past 400 as of last month.

Read more about the firm's current job openings at Churchill Mortgage careers.

Sam Garcia founded Mortgage Daily in 1998 and became its full-time publisher in 2000. Prior to his news career he worked in mortgage lending for two decades.

[email protected]

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders