General World News

Competition for mortgage underwriters has never been fiercer

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Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. 

That demand-supply imbalance has led to hiring blitzes, lucrative salary offers and bonuses that may help individual firms attract talent, but it also tends to exacerbate the shortage of underwriters available for competing companies. Because, in the end, everyone is seeking to draw from the same limited pool of candidates. 

The causes of the underwriter shortage are varied, but it details ⇒

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