DETROIT–Credit unions need to be prepared to compete a bit more aggressively to recruit and retain mortgage lenders.
New data show the number of workers in the mortgage field has increased, with several large companies indicating they are hiring.
Quicken Loans, which is nation’s largest nonbank originator, said it is currently seeking to fill 770 positions. Many of those positions, the company said, are technology related.
Also announcing they are seeking to hire are New Penn Financial and Paramount Residential Mortgage Group, indicating they are looking for loan officers, underwriters, call center LOs and additional personnel.
The Bureau of Labor Statistics reported that as of March 31, mortgage banking firms employed 221,300, a gain of 400 jobs from the previous month and a 5% increase over the past year. The figures, which are seasonally adjusted, lag the national employment numbers by one month.