Certified Forensic Loan Auditors, LLC

 
  Upcoming Classes

Search CFLA's Article Archive:

Mortgage Employment Index Jumps Most in Nearly 4 Years

sacbee.comJune 4, 2013

By Mortgage Daily

The first quarter proved to be the best since 2009 for jobs in real estate finance. Much of the gain was in the state of Michigan.

The mortgage industry had a net gain of 5,129 jobs in the first quarter, according to the Mortgage Employment Index from Mortgage Daily.

It was the best showing since the second-quarter 2009, when there was a net gain of 8,253 mortgage-related jobs over the prior period.

The net job gain was 2,571 three months earlier and a revised 2,969 a year earlier.

The findings were based on job activity covered by Mortgage Daily.

The most recent total reflected 2,930 layoffs and 8,059 hirings.

Period Layoffs Hirings Net
Q1 2013 2,930 8,059 +5,129
Q4 2012 2,404 4,975 +2,571
Q1 2012* 3,881 6,850 2,969
*revised

Thanks to aggressive growth at Quicken Loans, Michigan turned in the biggest increase of any state.

Hirings in Tempe, Ariz., helped land the Grand Canyon State in the No. 2 position.

Biggest Job Gains by State

State Net
Michigan +2,433
Arizona +1,150
Texas +607
Missouri +227
Georgia +200

At the other end of the scale were the Carolinas, which had more mortgage job losses than any other states.

Biggest Job Losses by State

State Net
North Carolina -314
South Carolina -298
Minnesota -210
California -200
Florida -117

Quicken had the biggest gain of any company, followed by Wells Fargo and Nationstar Mortgage.

Biggest Job Gains by Company

Company Net
Quicken +2,000
Wells Fargo +1,475
Nationstar +700
PHH Mortgage +450
Wingspan +400
Title Source +400

As they scaled back their massive default servicing staffs, JPMorgan Chase and Bank of America took the biggest hits.

Biggest Job Losses by Company

Company Net
Chase -821
BofA -651
HSBC -400

 

Back to June 2013 Archive

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

SEE BELOW- http://www.certifiedforensicloanauditors.com

Call us toll free at 888-758-2352

Bookmark and Share
spacer
Facebook Like us on Facebook
Twitter Follow us on Twitter
YouTube View our YouTube Videos
LinkedIn Connect to us on Linkedin
 
BBB Logo

 

spacer
Contact us or view our Sample Documents & Audits by completing the form below.

  • Reload
  • Should be Empty:




 

DVD Sets Only $99

 

FREE Mortgage Fraud Analysis

 

Order Cutting-Edge Services Now

 

Quiet Title Packages from Licensed Attorneys

 

Affiliate Services

 

CFLA Sponsored Attorney Links

 

Take-Home Education Package