Layoffs in the mortgage industry? No, not yet. Actually, there were modest staff reductions in 2Q21 but most of the displaced landed quickly.

Offshoring certain functions involved with originations or servicing can generate cost savings of 25% and beyond. Still, there are risks involved with the practice.

With refi lending expected to wane, lenders are planning to create a faster, more efficient experience for borrowers, according to a new study from Fannie Mae.

It would appear mortgage job security is at an all-time high these days. Credit the pandemic and lower interest rates.

When the pandemic subsides, the majority of lenders plan to allow to some employees to continue working from home.

Rates are rising and that means fewer applications. Yet, mortgage bankers and brokers are still hiring.

With refi business expected to decline later this year, a number of shops are rethinking their hiring plans. Lenders are set to face margin compression, excess capacity and consolidation.

Working from home is going pretty well for lenders, with some reporting increased productivity and only one out of 33 surveyed noting a reduction in profits.

Compensation levels of loan originators increased to $24,000 per month during the second quarter from $15,000 a year ago, according to data vendor LBA Ware.

Mortgage originations continue to boom as lenders move to hire as many full-timers as humanly possible. One concern: A lack of operations workers.