In the wake of sweeping layoffs across the country, a handful of mortgage lenders have gone on a … [+]
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A few weeks ago, mortgage lenders were hiring like mad. On the backs of historically low mortgage rates, they went on a hiring spree, desperate to keep up with surging demand.
Though some lenders have reversed course since then (one company reduced its workforce 70% last week), it seems the coronavirus pandemic hasn’t slowed down all of them just yet. In fact, at least three lenders are still actively looking to expand their ranks—in big ways, too.
Take Quicken Loans, for example. The massive lender, which also owns tech-powered Rocket Mortgage, brought on 500 new team members last week. The new employees span virtually every department, including underwriting, customer service and software engineering. All were trained from home, shipped the necessary technology, and will work remotely for the foreseeable future.
The company is still hiring, too. According to a Quicken spokesperson, the lender has more than 1,000 open roles it’s currently seeking to fill—including specialized ones requiring experience and some entry-level ones as well.
Online lender Better.com is also out to expand. An internal memo from the company’s CEO Vishal Garg reveals an effort to add about 150 new employees every month for the remainder of the year.
Garg specifically wants to hire laid-off hospitality workers—even those with no mortgage experience and no college degree.
“The hard-working people of the hospitality industry will bring a continued high level of service and customer first-ethos to our sales and ops teams as we grow,” Garg wrote in an email to employees this morning. “Working in hospitality requires a customer-centric mindset and an ability to be level-headed and calm under pressure. These attributes are very valuable and transferable to our sales and ops teams and college degrees are not required.:
As with Quicken’s hiring efforts, all new team members will be trained and onboarded virtually. To apply, hospitality workers are encouraged to visit Better.com/Hospitality. Positions are available in Charlotte, N.C.; Orange County, Calif.; and New York City.
Movement Mortgage is another lender looking to grow its ranks. According to a report from Charlotte NBC station WNBC, the company has seen a 300% surge in business over the year, and it’s actively hiring loan officers, sales representatives, administrative workers, processors, closers, and more.
There are also positions open on the corporate side in areas like accounting and human resources.