Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.
Estimated reading time: 0 minutes, 24 seconds
With interest rates at historic lows and refinancing activity booming so far this year, banks have been hiring mortgage staff again. So reports Bloomberg.
Headcount in the mortgage industry has grown by 1.5%, or 5,000 employees, since March, according to the Bureau of Labor Statistics.
Wells Fargo, the largest U.S. mortgage lender, has increased its workforce by 10% in 2019 and intends to hire more, while Bank of America is also adding sales, processing, underwriting and other mortgage staff.
