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» Originations Rise. Industry Employment, Not So Much
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Originations Rise. Industry Employment, Not So Much
October 10, 2024
Paul Muolo
With originations increasing, should mortgage lenders add workers or get by with what they have and pay overtime? Mortgage-banking employment is actually down compared to January.
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The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?
Yes, but only a few positions.
No. We’re staffed just right.
Yes, we’re expecting a boom!
No. In fact, we’re still downsizing.
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