How to Retain Newly Hired Branch Managers and Loan Officers

A premature departure by newly hired branch managers and loan officers leaving early is one of the most disappointing and expensive aspects of building a top mortgage company. In fact, many executives consider employee retention as the number one talent problem their company faces. This is due to the fact that 1 in every 3 new hires leaves within 6 months. What are the basic causes for the new hire turnover problem? Branch managers and loan officers feel they were promised something the company isn’t delivering on. This is often due to service levels and the fulfillment process. However, the reason could be as simple as rates, compensation, company culture, or career advancement opportunitie

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