Exploring recent trends in digital originations for mortgage lenders, highlighting the role of fintech and AI in reshaping the lending process.
Estimated reading time: 0 minutes, 24 seconds
With interest rates at historic lows and refinancing activity booming so far this year, banks have been hiring mortgage staff again. So reports Bloomberg.
Headcount in the mortgage industry has grown by 1.5%, or 5,000 employees, since March, according to the Bureau of Labor Statistics.
Wells Fargo, the largest U.S. mortgage lender, has increased its workforce by 10% in 2019 and intends to hire more, while Bank of America is also adding sales, processing, underwriting and other mortgage staff.
