The mortgage market's shift to financing new property purchases has strengthened credit unions' hand when it comes to hiring stronger mortgage loan professionals.
"We have seen a very strong turnaround from last year to this year," said Alissa Sykes, assistant vice president for consumer and mortgage lending at the $401 million Sunmark Federal Credit Union in Latham, N.Y. "Last year we couldn't hire any of the strongest candidates, but this year loan originators are interviewing us to work here."
Sykes attributed the rise in the credit union's profile among loan originators to a number of different factors, including shifts in the market and in perceptions of how loan originators are paid.
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