Mortgage industry adding jobs
Written by Rick Grant on January 10th, 2010
National Mortgage News reports that the industry added jobs in November, the first time it has done that since July. 200 new full-time employees entered the business, according to the U.S. Bureau of Labor Statistics, which reports that there are now 255,700 people working in this sector.
But the government reports that it’s not mortgage bankers adding to their ranks, but rather mortgage brokers, a breed of worker some have written off as endangered.
National Mortgage News reported that the jobs report “disappointed analysts who were looking for a sign that the job market had finally turned the corner.”
I’m no analyst, but I find this encouraging news for our industry. The brokers are the first to leave when things turn bad and lenders tighten up credit. They are also the first to return when there is money to be made lending. Perhaps this is a harbinger of better things to come.
2 Comments at "Mortgage industry adding jobs"
I am seeing job reqs opening up, too. There seems to be lots of hiring activity going on with production and underwriting. Mortgage technology vendors are also starting to hire.
2010 is lookng pretty darn good!
If anyone knows of a software developer with mortagge technology expereince who is based in Orange County, CA, we would like to speak to them. We’re hiring.
Joe Bowerbank
949-450-0102
jbowerbank@loan-score.com
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