I wanted to comment on the current trend, because I think it provides a unique window of opportunity for people outside of the industry to get it. I'm not sure how long it's going to last but, while there are openings, I want to encourage everyone to try to get some fresh blood into the business. If people you know are looking for work, maybe they'll consider trying their hand at the mortgage business.
At this time in our nation's history, we have a large influx of educated young people graduating from our universities and looking for a place to apply what they've learned. Over the past few years, jobs have been scarce and there are a lot of people in a variety of industries who are underemployed. Of course, this is unfortunate for the many young people who are struggling to find work and pay off student debt. For those of us in the mortgage industry, though, we can't pass up on this opportunity to secure great talent.
And it isn't just young college graduates – it could be people from different industries who are looking to make a change. The point is that we need to be open-minded about who we think qualifies for work in the business. There is something to be said for experience, but there is also something to be said for getting a fresh perspective on the industry.
Last week, I was doing some reading and I discovered that there are some interesting things in the job market of the mortgage industry. Apparently, mortgage brokers right now are shedding jobs while hiring for lenders has gone way up. For the moment, the mortgage lending job market is extremely hot.