Mortgage lenders added over 10,000 employees to their payrolls in May as the refinancing boom and record home sales continued to stretch industry capacity, according to an estimate based on data from the U.S. Bureau of Labor Statistics.Using BLS data released July 2, MortgageWire estimates that employment in the mortgage banker/broker sector jumped from 398,100 in April to 409,000 in May. Owing to changes announced last month, the BLS no longer provides an official estimate of employment in the mortgage industry. MW's estimate uses two BLS data series from the June employment report to approximate the employment numbers for May. The BLS can be found online at http://stats.bls.gov.
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