Mortgage Daily

Published On: March 3, 2016

Among all types of firms considered to be the nation’s best employers, a technologically advanced one ranks highest among mortgage-related entities.

Google has been ranked as the best place to be employed in the country. It was the seventh time in 10 years the search engine giant topped the list.

The Alphabet-subsidiary, which generated $66 billion in revenues during the most-recent year, had 18 percent full-time job growth on an annual basis.

That was according to
the FORTUNE 100 Best Companies to Work For 2016.

The rankings are based surveys sent to a random sample of employees at each company. Factors considered include management credibility, overall job satisfaction and camaraderie as well as human resource practices and issues.

At Mountain View, California-based Google, there are 2.7 million job applications for just a thousand open positions.

No. 5 on FORTUNE’s list was Quicken Loans Inc. — making it the highest-ranking mortgage-related firm.

Quicken had 28 percent full-time job growth during the past year.

Average total compensation for mortgage bankers at Quicken is $121,199. The average processor brings in $62,853.

Quicken has 92,285 applicants vying for its 186 open jobs.

“The online mortgage lender’s move of more than 8,000 employees to Detroit from the suburbs in 2010 has helped spark one of the largest urban renewal projects in the nation’s history,” FORTUNE said of Quicken.

Quicken noted
in a news release that it was the 13th straight year it ranked in the top 30.

No. 30 on the list was Veterans United Home Loans in Columbia, Missouri.
It was the first time the 14-year-old company was on the list.

Veterans United, which employs 1,745 people, added 272 jobs in the past year — bringing full-time job growth to 20 percent.
There are 13,274 people hoping to be hired for the 140 open positions there.

FORTUNE noted that Veterans United is the largest lender of mortgages guaranteed by the Department of Veterans Affairs.

“Every summer, Veterans United also arranges a campout event for employees and their families to enjoy fishing, campfires, games, and S’mores under the stars,” the report stated.

USAA came in at No. 36 — its 11th time on the list. Headcount at the financial institution is 27,595, including 1,580 full-time jobs add over the past year. Full-time job growth was 6 percent.

The San Antonio, Texas-based company has 261,249 job applicants seeking to fill 287 jobs.

Next up was Navy Federal Credit Union, which landed in the 44th spot.
The company has been on the list six times.

Navy FCU employs 12,604 people, including
1,112 mortgage employees as of Dec. 31, 2015, based on the Mortgage Daily Fourth Quarter 2015 Mortgage Origination Survey.

Branch managers, the most common job at Navy FCU, earn an average of $86,457 in total compensation a year.

The Vienna, Virginia-based credit union has 80,819 job applicants looking to be hired for the 277 open jobs.

Goldman Sachs landed in the 51st spot.

U.S. staffing at the investment banker is 14,630, and 2,000 positions are open.

“The Wall Street firm’s employees love working here, hence its presence on list ever year since since it was first published in 1998,” the report stated. “Money is one reason. More than one half of Goldman employees receive restricted stock units, which vest after five years.”

Also among the 100 best employers were Capital One Financial and First American.

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