Who’s hiring mortgage industry pros?

These days, we talk a lot about layoffs. They've hit so many companies at this point, I have lost track.

Good afternoon! Was this newsletter forwarded to you? Sign up here. Hello, LOs!   These days, we talk a lot about layoffs. They've hit so many companies at this point, I have lost track. On Friday, Flavia Furlan Nunes reported First Guaranty Mortgage Corporation was shedding 500 jobs (and appeared likely to shut down entirely). On LinkedIn, mortgage industry pros were quick to share job opportunities to those who were laid off.    In one LinkedIn thread, Sun West Mortgage Corporation CEO Pavan Agarwal even offered his pitch on how the lender differs from competitors. Here's a snippet:   Our technology, Morgan, eliminates the need of managers, regionals, divisionals, area, etc managers who milk off the hard work of MLOs and add anywhere from 75 to 150 bps to the pricing - that's $2000 to $4000 per loan. Really? Do those people actually add that much value?  Why not work for a tech company with cutting edge technology that empowers the customer, YOU - THE LOAN OFFICER IS MY CUSTOMER, to be connected directly to the key decision makers and your loans close effortlessly in 7 to 10 days. If your manager, area, divisional, regional are "living large with a big house, five cars" (quoting Cypress Hill) guess who's paying for it?   Folks, please tell me – who is hiring these days? And which positions are available? We're going to put a list together. We'll also use space in this newsletter over the next few weeks to highlight a couple mortgage pros who are looking for jobs. Are you an LO, processor, underwriter or branch manager who's looking for a gig? Email me at james@hwmedia.com.    James Kleimann Managing Editor, HW Media PIMCO-backed FGMC lays off most staffers Mortgage FGMC cut about 80% of its workforce on Friday and has stopped accepting new mortgage applications, HousingWire has learned. To purchase leads, or not to purchase leads?

That is the question! Whether you want to grow your database or drive referral business, there are several mortgage marketing best practices, digital tools and prioritization strategies lenders should consider as they generate leads in 2022.

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Mid America Mortgage rebrands to Click n' Close

Mortgage

Texas lender Mid America Mortgage rebranded as Click n' Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations.

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Overall, the new homes sales was a shocking report, not only as a headline beat, but with positive revisions on sales.

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