Tag: Mortgage Banking

How to Get a Career in Mortgage Banking
Business

How to Get a Career in Mortgage Banking

According to the Occupational Outlook Handbook of the United States Bureau of Labor Statistics, there will be approximately 25,000 annual job openings for mortgage loan officers from now until the year 2030. There was a time when the labor statistics of the mortgage professional field were subject to periods of high turnover and volatility; the last time this happened was at the height of the American housing bubble crisis in 2008. Since then, increased oversight of the mortgage lending industry at the federal and state levels has resulted in greater professionalism and a more stable workforce. Mortgage banking is a career path within the larger field of finance. Most of the entry-level mortgage jobs go to loan officers who are authorized to market, offer, and handle residential mortgag...