twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com 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 MortgageDaily.com.

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

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

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

Press Releases
Reports and announcements from MortgageDaily.com.

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

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
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 Firms Report Growth in Staffing

Recent mortgage-related hirings

Dec. 28, 2015

By SAM GARCIA Mortgage Daily



portrait of Sam Garcia

A number of mortgage-related firms and the companies that service them have reported that their staffs have been growing.

As of the third quarter, U.S. credit unions employed 268,401 people, according to the California Credit Union League.

Headcount at the country's 6,216 credit unions has grown by 4.4 percent compared to a year earlier, the trade group reported.

Kevin Crichton, president of E Mortgage Management LLC, recently wrote that there is a dearth of millennials working in home lending. The industry is predominantly staffed by people who are 50 or older.

"As these professionals move nearer toward retirement, an enormous gap will be left when they leave the workforce," Chrichton said. "Compounding this problem is the lack of younger people interested in pursuing a career in the mortgage industry."

The lack of millennial interest in mortgage lending stems from limited job opportunities, distrust in the financial industry and lack of interest in commission-based compensation, he explained. In order to attract millennials to their workforces, Crichton says mortgage employers need to emphasize a work-life balance, locate their offices in places that are convenient and provide training. Lenders also need to recruit from colleges, provide lots of feedback and be creative with compensation.

Thirteen new employees were recently hired by Churchill Mortgage, a news release stated. The jobs were added in Arizona, California, Oregon, Tennessee, Texas and Virginia. Including the latest round of recruits, Brentwood, Tennessee-based Churchill says it has hired nearly a hundred new employees this year.

Over in Idaho Falls, Idaho, Docutech Corp. added seven new employees as of September. An announcement indicated that the hirings will help the company expand its product lines.

Evergreen Home Loans reported that its staffing recently passed 500 employees. The Bellevue, Washington-based firm has grown from just five employees in 1987.

An announcement from Portland, Oregon-based LoanStar Home Lending indicated that as of its two-year anniversary on Nov. 12, it had grown to more than 120 loan officers and 315 employees.

A new office was opened in Tempe, Arizona, by Cenlar FSB, a statement last month said. The location, which brings the number of operations facilities to five, will house customer service representatives, loan servicing agents and a variety of operational and administrative support staff.

Cenlar spokeswoman Denise Vaccaro ignored a request for details about the number of employees being hired.


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.

e-mail:
[email protected]


Credit Union news


Logout forgot
password?

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

MBS

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