Millions of jobs have been lost, but hiring is booming at these companies
The economy has lost millions of jobs this year. But in many industries, hiring is booming.
Paul Anselmo, managing director of Evolve Mortgage Services in Frisco, Texas, has hired 120 new home loan underwriters in the past 90 days and is expected to find 100 more by the end of the year. The mortgage market is booming because low interest rates have led millions of Americans to refinance and the pursuit of work-from-home policies is get people to buy new homes.
In Maryland, mortgage company NewDay USA hired around 300 new people during the pandemic and is looking for around 200 more to join by March 2021, the company said. Inlanta Mortgage in Pewaukee, Wisconsin is also looking for 100 other experienced workers, including underwriters and loan processors – no college degree required, said Paul Buege, president and chief operating officer.
“We’re on the positive side of the economy because of what’s going on,” he said.
A two-way recovery emerges from the country pandemic recession because some businesses and careers are showing signs of prosperity despite the recession while others are sectors such as the hotel industry are victims to continued blockages and changes in consumer behavior.