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Mortgage Employment News

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Last Updated March 22, 2018 4:47 PM Central

Mortgage Jobs, Servicing Grow at Lake Michigan CU
Although quarterly and annual home lending retreated at Lake Michigan Credit Union, the servicing portfolio and mortgage staffing both expanded.

Wells Fargo Wants to Expand MN Mortgage Office
An expansion sought for a mortgage facility in the Twin Cities would enable Wells Fargo & Co. to house more than an additional thousand employees there.

Growing Non-QM Wholesaler Adding TX Staff
A wholesaler that has capitalized on the origination of loans that don't meet the requirements for Qualified Mortgages has opened a new Texas facility with plans to hire dozens of new employees.

Mortgage Subservicer Hiring Hundreds in Missouri
A company that subservices residential loans has opened a new office in Missouri and plans to add hundreds of new employees by the end of this year.

Management Shakeup As Impac Swings to Loss
Earnings swung to a loss at Impac Mortgage Holdings Inc., and the company's chief is out. Retail lending led a plunge in originations even as non-QM business soared. Staffing expenses were down on job cuts.

Churchill Mortgage Adds Wholesale Originations
Home lending activity turned lower at Churchill Mortgage Corp., as did headcount. The company has started reporting originations through the wholesale channel.

More Mortgage LOs Leave Banks for Non-Banks
As the number of residential loan originators grew last year, a bigger share of the group found themselves working at non-bank lenders for the second year in a row.

Mortgage Service Provider Hiring
A mortgage service provider has some aggressive hiring plans -- with around a hundred positions expected to be filled in the next month.

Guaranteed Rate Lays Off Production Employees
More than a hundred employees have been laid off by Guaranteed Rate Inc. But the company says that it still has plans to hire more new employees this year than in any other previous year.

Mortgage Staffing Slashed Amid Strong Jobs Report
A strong employment report has already driven up interest rates. Despite the strength, the number of non-bank mortgages jobs declined by nearly 4,000 positions.

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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.

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Mortgage Recruiting Newsletter
Tips about attracting and retaining top mortgage talent.
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Average Originator Stays With Same Employer Several Years
Loan originators tend to be a loyal bunch, with the average originator having been at the same employer for several years, according to the 2012 Loan Originator Survey.
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Loan Originator Income
Nearly 60 percent of the originators who participated in the 2012 Loan Originator Survey indicated they earn at least $100,000 annually.
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2013 Finance Employment Outlook
The 2013 Finance Employment Outlook from Monster looks at the future for employment in mortgage lending and other financial industry jobs. Mortgage Daily Publisher Sam Garcia is quoted in the report.

Mortgage Employment Index
Analysis of mortgage layoffs and hirings by state and by company from 2006 to present.
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