Mortgage Employment Index Jumps Most in Nearly 4 Years
DALLAS — (June 3, 2013) /PRNewswire/ The first quarter proved to be the best since 2009 for jobs in real estate finance. Much of the gain was in the state of Michigan.
The mortgage industry had a net gain of 5,129 jobs in the first quarter, according to the Mortgage Employment Index from Mortgage Daily.
It was the best showing since the second-quarter 2009, when there was a net gain of 8,253 mortgage-related jobs over the prior period.
The net job gain was 2,571 three months earlier and a revised 2,969 a year earlier.
The findings were based on job activity covered by Mortgage Daily.
The most recent total reflected 2,930 layoffs and 8,059 hirings.
Thanks to aggressive growth at Quicken Loans, Michigan turned in the biggest increase of any state.
Hirings in Tempe, Ariz., helped land the Grand Canyon State in the No. 2 position.
Biggest Job Gains by State
At the other end of the scale were the Carolinas, which had more mortgage job losses than any other states.
Biggest Job Losses by State
Quicken had the biggest gain of any company, followed by Wells Fargo and Nationstar Mortgage.
Biggest Job Gains by Company
As they scaled back their massive default servicing staffs, JPMorgan Chase and Bank of America took the biggest hits.
Biggest Job Losses by Company