When it comes to the mortgage needs of millennials, regardless of where they live, one of the things our associates consistently hear is that many of these first-time buyers are having a hard time finding a home in a location they want to live that also has the features and design elements they find appealing.
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The construction industry is facing a crisis of sorts. Its workforce is aging faster than any other industry in the country, and construction companies nationwide are looking to fill multiple positions. There’s one group that industry leaders are hoping will turn it all around – the millennials.
Today’s youth, both here and abroad, have been screwed by their parents’ fiscal profligacy and economic mismanagement. Neil Howe, a leading generational theorist, cites the "greed, shortsightedness,
However, Cameron noted the industry is in the midst of change. "The story here is that, like much of corporate America, the mortgage industry is facing an aging workforce and as an industry, we need to be bringing in younger talent to become the knowledgeable, dependable loan officers that serve borrowers of all ages," he said.
Millennials seek careers that allow them to have purpose and observe having a larger, positive impact on society. Many of our ideal careers simply don’t pay enough to support a family and take time away from these other passions. A Lack of Women Leaders in the Mortgage Industry
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"Retention will always be a top priority, as well as ‘hiring up. "As the lending industry continues to shrink with talent it is key that your organization’s BRAND is reflecting the image you want.
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The mortgage industry at its core has some of the things that Millennials value in a career-flexible hours and the ability to be inspired by helping borrowers achieve homeownership. The mortgage industry is also filled with fractured systems that don’t interface, but are required to exist in today’s highly regulated world.
Incorporating Millennials into Your Aging Workforce. industry, and practices.. "Why hiring millennials could be good for business" states that this age group pushes the digital.