Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

HousingJobs

Mr. Cooper plans to hire 2,000 new team members to serve growing demand

Positions are included for multiple experience levels with remote work across its origination and servicing teams

Mr. Cooper, a nonbank mortgage lender and servicer, announced on Wednesday the company plans to hire an additional 2,000 mortgage professionals and support staff by the end of 2020.

The company is hiring for positions with multiple experience levels including loan officers, mortgage underwriters and loan processors. Mr. Cooper is also looking for potential Home Advisors, a company curated hybrid role that focuses on servicing customer loans and originating mortgage products.

Additionally, the company offers specialized training and licensing programs for people looking to enter the mortgage industry.

According to Mr. Cooper’s CEO and Chairman Jay Bray, the company produced its strongest operating results in its history last quarter – fueling the need for increased hiring efforts to keep up with growing demand. Having onboarded 3,000 new team members since the beginning of the year, the latest hiring spree would bring the total number of new positions to 5,000, with the positions spread across its originations, servicing and correspondent lending teams.

Following the onset of the pandemic, the company transitioned nearly 97% of its staff to work from home, with plans to remain working remotely until at least 2021. Mr. Cooper said it will continue to hire remote workers but new team members may have the option to return to an office environment at one of its offices in Dallas, Chandler, Arizona and Santa Ana, California, when deemed safe.

According to Mr. Cooper, new team members will receive a competitive benefits package that may include down payment and mortgage assistance, paid maternity and bonding leave, adoption and family planning assistance, paid-time-off for volunteering, continued education through a web-based personal and professional development platform and diversity and inclusion resource group interaction and activities.

 “As demand continues to increase in the mortgage space, our team is dedicated to serving our customers, whether it’s helping them refinance their loan, purchase a new home or work with them through forbearance. While we continue to grow and expand our team to meet the needs of our customers, we remain committed to developing our team and providing them with the resources they need to succeed,” Bray said.

To learn more about the company, its open positions, and how you can join the Mr. Cooper Group, click here.

HousingJobs is a curation of housing companies that are hiring. If you are looking for a job in the industry, check out our hiring stories here. If you’re an executive at a housing company and you’re hiring, please send a note to our Chief Product Officer Diego Sanchez at dsanchez@housingwire.com.

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