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Keys to Recruiting Top Talent in the Mortgage Industry

Volume may be down, but it’s highly anticipated that the Fed will drop rates again in December. Hopefully this will cement current pricing and have a positive impact on rates going forward. With that in mind, beefing up your sales and operations staff may be top of mind in anticipation

What’s Your Reason for Relocating?

Not so very long ago, most of our clients required their Executives to be sitting at corporate.  They offered relocation packages in addition to the standard comp, ranging from simply the movement of household goods to more substantial packages including house hunting trips, closing costs, storage, temporary housing, cost of

Now Is the Time…

According to a recent article published in LinkedIn, hiring by U.S. companies unexpectedly spiked in October, even amid two hurricanes and a massive Boeing strike. Private payrolls jumped by 233,000 last month, according to processor ADP, the most since July 2023. Labor demand appeared to surge ahead after the storms

The Hurricane Effect

Houseingwire.com recently published an article detailing how the recent hurricanes have impacted the housing market, specifically the inventory.   We have seen an uptick in overall inventory, in fact in my own Colorado neighborhood, I have seen availability double from last year.  According to HW, four weeks ago was the strongest week

THE DEBT CRISIS THAT COULD HAUNT THE MORTGAGE MARKET

Halloween is next month so be on the lookout for ghosts and goblins.  Just as scary as the traditional Halloween fare is the amount of unsecured debt in this country. According to a recent article in the Scottsman Guide, last year the total number of unsecured personal loans in the

Clawbacks and Non Solicits.  Thoughts?

When did clawbacks become “a thing”?  As far as I can remember, there have always been strings attached to signing bonuses but now lenders are applying similar rules to income guarantees, sometimes with terms as long as three years.  Obviously, the intent is to discourage employees from leaving the company

Less Than 90 Days To Go….

In less than 90 days, we will elect the next President of the United States.  Regardless of which camp you’re in, I think we can all agree that this is an important election.  How the election will impact the financial services industry is going to be interesting.  According to The

Top Mortgage Lenders to Work for in 2024

The National Mortgage News recently published its annual survey results of the best mortgage companies to work for.  The results for 2024 were not as robust as the 2023 list, resulting in only 33 companies qualifying vs 48 firms in 2023. This ranking is the result of extensive employee surveys,

Is the Regional Manager Role Becoming Unnecessary?

There’s been some buzz lately about whether the Regional Manager role is necessary or if this position should be cut as a cost savings measure.  The National Mortgage News recently ran an article on this subject and there’s also been some debate about it on LinkedIn. Upon reading, the consensus