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Mortgage professional hiring and new job appointments for the week ending June 5.

Bank of America will close a back-office facility in a Sacramento, Calif., suburb and outsource some of the office's employees.

RPM Mortgage and its chief executive are facing $20 million in fines on allegations that the company violated the loan originator compensation law enforced by the Consumer Financial Protection Bureau.

While demand for mortgages continues to slide up and down, profits for independent mortgage bankers are up.

Learn how the some of the industry's most successful loan originators get it done with these tricks of the trade from the 2015 Top Producers rankings' top 12 loan officers of the Midwest.

Resigned to the fact that purchase volume is unlikely to make up for any decline in refinancing, Stonegate Mortgage is focused on improving efficiency to increase loan profits over trying to grow loan volume.

Millennial-age workers for the first time outnumbered their Gen-X peers. But the average loan officer is 54 years old, and industry groups are taking steps to help expand outreach to the next generation of mortgage professionals.

Loan officers still rule the roost at most mortgage origination shops, but processors may finally be starting to get their due.

Mortgage professional hiring and new job appointments for the week ending May 29.

Ocwen Financial will close a call center in Houston as the mortgage servicer continues to downsize.