General World News

The mortgage workforce is back, but for how long?

By late spring of 2020, the loan pipeline at Princeton Mortgage was full. And CEO Rich Weidel’s staff was absolutely slammed. He needed to scale up ­— and quickly ­— to manage record origination volume.

Like most other lenders, Princeton, which operates in retail, wholesale and correspondent channels, fell back on the familiar strategy of hiring industry veterans to plug the gaps. Some took to the task immediately and thrived, but others didn’t work out. The attrition rate was higher than he liked, so he decided on a new approach. 

“At the beginning, we hired details ⇒

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