The Mortgage Daily Mortgage Employment Index tracks quarterly job trends across the mortgage sector. Each quarter, it tallies new positions created by lenders, servicers, and vendors, as well as layoffs and consolidations. This index offers insight into industry health, hiring sprees when rates are low, and cutbacks during market corrections.
During boom cycles, lenders often ramp up hiring to process surging refinance and purchase applications; during downturns, they trim staff to align with lower volumes. Factors such as interest rate movements, regulatory changes and technological advances can all affect staffing levels.
Key points:
– Job growth occurs when low interest rates spur refinances.
– Layoffs happen when volumes drop or lenders exit certain segments.
– Outsourcing and automation influence headcount.
– Market share shifts as some lenders expand while others contract.
For up-to-date news on mortgage employment and industry headlines, visit our Mortgage News section. Explore our Mortgage Lender Ranking to see which companies are hiring the most.
