Thursday, March 28, 2013

Loan Officer Jobs On The Rise, How To Compete?

Loan Officer jobs have been steadily increasing this year along side of the long anticipated housing recovery. How will you get ahead of the sea of lenders? My Rate Mailer will keep you ahead of the pack, providing mailers that will keep your clients informed about the ever changing market. Your clients, and/or prospective clients, will appreciate the personalized and direct information sent to them through My Rate Mailer. Sign up at today and get a FREE trail!

Recent positive refinance and purchase numbers have given way to a huge influx in Loan Officer job applications across the nation’s leading mortgage job networks, according to a recent article on the Wall Street Journal’s Market Watch.

The article discusses how companies like Anikim Credit Corp (who places job applicants with lenders) have seen a huge surge in Loan Officer job applications in recent months. The driving forces behind this trend include the current low interest rate and the fact that some prospective home buyers are 3 or more years out from a foreclosure or a short sale. This results in the purchase market seeing more activity with people buying homes again.

This trend is being realized by prospective Loan Officers who are either looking to re-enter the market after seeing the bubble burst in ’08, or are changing careers looking for a more lucrative opportunity in the Mortgage industry. With the average Loan Officer’s annual average earning s rising 17.3% this year over last (according to National Mortgage News), it is no surprise that our industry is an attractive one for these groups.

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