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MLO Jobs; Pricing, Execution, Retention, Trailing Doc, Referral Products; HUD, Ginnie, FHA/VA News

Posted To: Pipeline Press

Ask any manager. It was much more fun to announce, “We’re hiring!” than it is to mutter, “We’re laying off.” Currently there are plenty of rumors about lenders, both publicly and privately held, down-sizing. (I guess the PC term is “right-sizing” but I’ve never heard an expanding company use that term.) Here is a quick reminder that anyone can post their resume for free at LenderNews where companies can view them. Although there is no correlation, residential lenders’ employee numbers are following the price of wood which has dropped dramatically to the “pricey, yet reasonable” tier of commodity valuation after rising to stratospheric heights earlier this year. Since the 1990s, lumber’s mostly traded for $200-$400…(read more)

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