Loan Officer Job Market Insights: September 2022

Dale Larson III Sep 19, 2022
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A shifting economy means it’s more important than ever to stay up to date on the job market. At Modex, we’re committed to providing data, insights, and commentary to help you make informed decisions, stay aware of new opportunities, and be empowered in your career no matter what the market looks like.

That’s why we’re bringing you the monthly Modex Top 10 Market Update.

Each month, you’ll get an exclusive report on which companies have hired the most loan officers, empowering you to seek out the best new opportunities and navigate the job market with confidence.

Who hired the most LOs in the last month? What are mortgage leaders saying? Take a look below.

Top 10 Companies in Loan Officer Hiring

67
LOs Hired
APM certainly hasn’t been immune to the challenges facing the market or the industry this year, but we’ve stayed focused and committed to our strategic plan, which included the growth of our national footprint, primarily in states where we had little presence. That has been the right decision for us, making 2022 a record expansion year for the company. We look forward to continuing this momentum into 2023 and beyond.
– Bill Lowman, CEO | American Pacific Mortgage
45
LOs Hired
NEXA adapted our hiring practices a couple years ago to account for the change in the market, and specifically to meet the needs of newly licensed loan officers by setting them up for success through our Academy Program. We continue to grow and outpace the industry in growth metrics, even in a down market, and we don't plan on stopping our efforts. We wholeheartedly believe in providing the best platform, tools, and support for loan officers to grow and run their business, and we keep looking to add more every day while staying focused on constant improvement.
– Mat Grella, President and Co-Founder | NEXA Mortgage
26
LOs Hired
Legend was built by an originator’s mind to be exactly how an originator would prefer things. Most retail shops are owned by business or ops minded folks; NOT originators. Legend understands the world of actual originators and what they go through. We also eliminate management layers and other corporate waste, which leads to poor pricing. Because Legend’s ownership understands the front-end intricately, it enables us to streamline our operations, thereby offering a better price. Legend may sound too good to be true having the best price AND service, but for those who have trusted us, they’ve never been happier.
– Nich A Hughes, CEO | Legend Lending

Thrive Mortgage, LLC

30
LOs Hired

Lower, LLC

20
LOs Hired

Barrett Financial Group, L.L.C

19
LOs Hired

All Western Mortgage, Inc.

18
LOs Hired

Contour Mortgage Corporation

14
LOs Hired

E Mortgage Capital, Inc.

12
LOs Hired

BayFirst National Bank

12
LOs Hired

* Source: Modex, Inc. data represents net hires of producing loan officers in July 2022.

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Modex offers data on every loan officer, branch, and company nationwide to give you insights on your peers and the industry.

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