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Mortgage Banking Employment Increases During Early 2015

by Rob Stahura

As a marketing professional with more than 20 years of experience, Rob Stahura currently operates his own direct-marketing agency in Utah. He collaborates with Sunrun, Inc., which is a solar-power company, and provides clients with affordable solar energy for their homes. Concurrently, Rob Stahura is in the process of forming a mortgage business, and he pays attention to changes made within the industry.
According to the US Bureau of Labor and Statistics (BLS), employment in the mortgage banking and broker sector grew by 289,900 jobs in May 2015. In addition, mortgage banking and brokerage firms added 3,300 full-time employees to their firms in May. The BLS also stated that this marks the fourth straight month in which mortgage jobs increased and the largest one-month jump in hiring since November 2014.
One of the reasons for this large jump is that typically nonbanking mortgage firms hire more personnel during the spring to fulfill the demand for mid-year home buying. Along those lines, the FHA approved more loans to first-time homebuyers during the first few months of 2015. Sales of existing homes in May hit the highest mark since 2009, according to the National Association of Realtors.
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