How Radius Financial Group Is Building a Millennial Workforce
In the mortgage banking industry, the average loan officer is 54 years old — a stat industry groups and some companies are hoping to lower.
“We’ve had extensive dialog and concern about the aging workforce population in the industry and the need to bring in younger people to mortgage banking,” David Stevens, president and CEO of the Mortgage Bankers Association, tells National Mortgage News. “Part of that means that we need to bring in a more diverse workforce.”
Radius financial group (which does not capitalize its name) is a retail originator based in Massachusetts that’s going “all in” to attract Millennial workers.
The executive team made this commitment while gathered for its three-day team meeting in fall 2014.