Given the market contraction and numerous layoffs in the industry, it may be surprising to think that loan officer recruitment and retention could be a focus for some lenders and independent mortgage banks right now.
But due to the reduction of volume, it’s extremely important for lenders and IMBs to be able to replace that lost volume – and the quickest way to do so is to bring money in through revenue. Rather than cutting costs and reducing expenses, some shops are instead choosing to grow.
The battle for LO talent is even more prevalent among IMBs, as details ⇒
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