Mortgage brokers

Non-bank originators add 3,200 new employees in July.

The resignation of Stonegate Mortgage founder and CEO Jim Cutillo will likely result in either the quick hiring of a replacement CEO to execute Stonegate's business plan or the company being acquired, according to analysts at FBR Capital Markets.

Marketplace lenders seek to disrupt traditional financial services with online platforms that connect borrowers to investors. But in real estate, this burgeoning sector has taken an approach that seeks to co-exist with, rather than supplant, the traditional mortgage market.

As marketing services agreements increasingly fall out of favor, a more level playing field may emerge where loan officers must aggressively compete on their skill and service to win referral business.

The mortgage industry typically takes a conservative approach to employees promoting their personal brands. But it's time for lenders to take a lesson from the presidential hopefuls who have gained an upper hand by playing up their individual brands.

Real estate brokers deserve a slice of mortgage revenue, but marketing services agreements are not the way to give it to them.

Employment in the mortgage banking and broker sector has grown 5.8% since June 2014.