How to hire Millennials in today’s aging mortgage industry

How to hire Millennials in today’s aging mortgage industry

THE AGING OF THE INDUSTRY’S LOAN OFFICERS is a hot topic in the mortgage business. More managers are turning to millennials as a solution to refuel the workforce. In this special edition of The Right Stuffs "Inside the Mind of a Top Producer" series, I had the opportunity to interview a millennial.

But, the survey went a step further to examine millennials in the workplace and uncover their thoughts on pursuing a career in the banking industry. After all, financial institutions need to attract not only millennial customers, but also the millennial hire.

Q/A with Matthew Ostrander of Parkside Lending. was 2006­2008, and we were lucky not to be caught up in a lot of the mess that brought the mortgage industry to the edge. Moving through times like that creates a culture whether you are guiding it or not.. OSTRANDER: Hire Millennials to do your marketing and create your products.

The construction industry has a reputation problem. It’s so bad that Millennial workers are largely turning away from jobs in construction. According to the Center for Construction Research and Training, the median age of construction workers in 2000 was 37.9.By 2010, the median age jumped to 40.4 years old.

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News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage industry.

Why Millennials Are Financially Screwed It’s no secret that the mortgage industry workforce is aging. The average Loan Originator. now more than ever lenders need to begin training tomorrow’s workforce today. And who is the future.

Incorporating Millennials into Your Aging Workforce. industry, and practices.. "Why hiring millennials could be good for business" states that this age group pushes the digital.

When asked if they plan to find a new job in the mortgage industry in the coming. Banks are more likely than nonbanks to hire salaried loan officers, and. overall mortgage volume suffered as millennials entered the prime age. Little consensus was evident on where underwriting standards stand today.


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