Recruiting

Goldman Sachs Group, Morgan Stanley, JPMorgan Chase and Citigroup each reported a substantially larger workforce in the second quarter compared with a year earlier. Across the six biggest U.S. banks, the average gain in employment was 5.5% compared with mid-2021.

Direct-to-consumer may not fare as well going forward if a purchase market prevails, and some cross-pollination between depositories and nonbanks could occur.

Just to keep up with the growing demand for houses, 61,000 people need to be hired per month to cover attrition, the Home Builders Institute claimed.

Also, Roostify names new CTO, Elite Digital gets a new partner, and Mortgage Contracting announces leadership changes.

A cross-training strategy that hasn’t been widely used since the Great Recession is coming back into vogue among outsourcers.

Amid a wave of initial public offerings and acquisitions, originators with employee stock ownership plans say the underutilized company structure has helped with recruiting and retention in a competitive market.

Ocwen Financial, Interfirst Mortgage, Marcus & Millichap and others announce new leadership hires.

2020’s mortgage employment numbers proved to be slightly higher than previously estimated when reconciled with the Bureau of Labor Statistics’ annual business census.

Open Mortgage, Aces Quality Management, Verity Global Solutions, Cherry Creek Mortgage and InterLinc Mortgage Services all announced hirings and promotions.

Mortgage industry hiring and new job appointments for the week ending Jan. 22.

Mortgage industry hiring and new job appointments for the week ending Jan. 15.

The estimates in the Bureau of Labor Statistics latest numbers were only marginally higher than the previous month, which may reflect more deliberate hiring and a preholiday slowdown.

Mortgage industry hiring and new job appointments for the week ending Jan. 8.

Mortgage industry hiring and new job appointments for the week ending Dec. 31.

Mortgage industry hiring and new job appointments for the week ending Dec. 24.

Mortgage industry hiring and new job appointments for the week ending Dec. 18.

Mortgage industry hiring and new job appointments for the week ending Dec. 11.

Even with a slight downward revision to September’s numbers, employment in the industry remained incredibly high through October as home-loan refinancing continued to surge.

Mortgage industry hiring and new job appointments for the week ending Dec. 4.

Mortgage industry hiring and new job appointments for the week ending Nov. 27.