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Mortgage adviser demand returns to pre-crash levels

by: Paul Robertson
  • 15/12/2014
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Mortgage adviser demand returns to pre-crash levels
Competition for finance professionals in the mortgage industry is accelerating, according to specialist recruiter Randstad Financial & Professional.

The agency is currently recruiting mortgage advisers for the retail banking sector and said employee search levels have improved “a great deal since the dark days of 2012”.

Tara Ricks, MD of Randstad Financial & Professional, said: “The situation is utterly unrecognisable from two years ago.

“There should be a lot of spare capacity in the market but a lot of mortgage professionals retired early when the crunch hit and lenders, brokers, and packagers alike have been left fighting over a smaller talent pool as they gear back up to write significant volumes of business.”

Mortgage roles now require just 2.1 interviews, down from 2.9 last year before the hiring sprees had affected the market, the same as the start of 2008.

Half of the mortgage professionals (52%) surveyed by the recruiters only had one interview before landing their current role, with another quarter only requiring two (27%).

However, many mortgage professionals are not in a position to take full advantage of the booming market, as 61% of those polled said they now find interviews harder than they did before the crisis took hold.

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