Although some of the major lenders cut thousands of jobs, other firms brought in more employees during the third quarter for a positive net gain, according to the Mortgage Employment Index by Mortgage Daily.
Among the hiring influx, nearly half of the new employees come from Michigan. During the third quarter, the report finds that there were 2,926 more hires than layoffs, and the net change in mortgage jobs jumps from a second-quarter gain of 1,335.
Since the third quarter of 2011, hiring in the mortgage industry has surpassed layoffs during each quarter when the figure was up 2,738. Mortgage firms in 2012 have thus far recruited 7,230 more employees than they have cut. According to federal data, the total mortgage industry staffing hit 285,000 in September, up from 276,300 in June.
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