The mortgage banking division of LendingTree plans to hire 125 full timers — including loan officers — to work at its headquarters in Irvine, Calif.
The company is holding a job fair at the Hyatt Regency on Wednesday.
Besides LOs, the company is looking for loan processors, underwriters, and title and escrow support.
The bank's marketing, which hid the nature of its solicitations, led some borrowers to apply for cash-out refis that increased monthly payments, the OCC said.
While last year was the best for origination income since 2022, annual net servicing revenue for mortgage bankers was approximately 70% below 2024's level.
Three-quarters of buyers assume AI has already been embedded in the housing ecosystem, but 55% would prefer to work with a human to secure a mortgage.
Federal Reserve Gov. Stephen Miran Thursday said that the Iran war and tariffs will not have long-term impacts on inflation, but did say he is reconsidering his rate cut outlook for the year.
This week's Freddie Mac mortgage rate survey shows rates at the lowest in four weeks, but homebuyers are giving mixed signals even with improved purchase power.
Dark Matter's parent said the decision to promote its chief technology officer aligns the company to the direction of the market, with further changes to come.
