As employment in the mortgage industry continues to contract, there are still a few firms that are adding jobs.
Data from the Department of Labor indicates that the number of people working for non-bank mortgage companies fell to 285,700 as of January from 297,600 at the end of 2012.
The reduction in staffing has been driven by a decline in refinance production and an improvement in residential loan performance.
But despite the contraction, some firms are still increasing headcount.
At least 140 new jobs are projected for Total Mortgage Services LLC’s new headquarters location in Milford, Conn., an announcement in January said.
Total, which plans to double in size over the next five year, is getting a $3.5 million loan with favorable terms from the Connecticut Department of Economic and Community Development to help it with the new facility.
The new jobs are expected to be created by 2018.
Employee prospects can find more information about Total online at www.totalmortgage.com/careers/.
Churchill Mortgage recently reported that it hired 15 new employees in six states The job additions are in addition to 100 people recruited last year.
Churchill Mortgage President Mike Hardwick noted in the statement, “Strong recruitment and expansion were key to our growth, and will continue to be a part of our 2014 strategy.”
Information about joining the Brentwood, Tenn.-based company is posted at www.JoinChurchill.com.
In Austin, Texas, 360 Mortgage Group LLC said last month that it hired seven account executives in six states. Growth in 360 Mortgage’s mortgage broker origination channel comes as several wholesale lenders — most recently Fifth Third Bank — have exited the business.
“These seven experienced sales professionals will help 360 Mortgage Group further penetrate key markets and drive our success,” 360 Mortgage Group President and Founder Mark Greco said in the announcement. “360 Mortgage Group remains focused on providing our mortgage broker partners with the right products, competitive pricing and the best-in class technology and local support to grow their business.”
360 Mortgage posts its job openings at www.360mtg.com/about/Jobs.aspx.
Six people were added to Mortgage Guaranty Insurance Corp.’s sales team, a Feb. 13 statement indicated. The Milwaukee-based firm said it recruited the new employees in response to MGIC’s increased penetration as the market shifts from refinances to purchase financing and FHA’s market share subsides to normal levels.
MGIC’s career page is online at www.mgic.com/careers/index.
NFM Inc. reported earlier this year that it was No. 21 among the 50 companies listed in the Fastest-Growing Private Companies based in the Baltimore area by the Baltimore Business Journal. NFM said it has more than 225 employees working at 20 locations in nine states. It is reportedly licensed in more than 27 states.
Linthicum, Md.-based NFM reports that it has originated in excess of 30,000 loans since 2004.
