New market, new demand!
Ask yourself, what are we doing as a company to retain our talent within our mortgage division?
The mortgage industry is in high demand of employees, as mortgage rates continue to remain under 3%. Due to the urgency of hiring candidates with mortgage operations experience, employers are seeking mortgage leaders to join their organization. Quality talent is being swept away by other mortgage companies by virtue of monetary base compensation and incentives.
As an organization facing some of these challenges, employers are being creative on compensation structures to incentivize workers. Incentives offered are hiring bonuses, retention tools tied to compensation, with the ability to work remotely.
If your company is facing the same challenges, reflect on your incentive strategy and retention tools needed to be competitive in a demanding mortgage rate environment.