How to hire Millennials in today’s aging mortgage industry

The challenge for some is keeping millennials for long, productive careers in an industry considered “old,” despite its track record of tremendous innovation.

Millennials want to work for companies who make a difference in the world and their communities. They want to feel like they are contributing to something greater than just a steady paycheck. "I love my job because I get to assist families with the biggest purchase of their lives and ultimately help them create homes.

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A risk-averse outlook. When working with millennials, VandeSand says it’s important to address the "elephant in the room." Make sure to fully explain the terms of the loan and the mortgage process, particularly any documents they may not understand. Don’t gloss over the details.

The construction industry has a reputation problem. It’s so bad that Millennial workers are largely turning away from jobs in construction. According to the Center for Construction Research and Training, the median age of construction workers in 2000 was 37.9.By 2010, the median age jumped to 40.4 years old.

 · As I recount on page FP3 of today’s Financial Post, the baby boomers are fast becoming supplanted by the Millennial generation when it comes to attracting the attention of the financial services industry and in particular the rise of the fintech industry. For online version, see Sorry boomers, the focus is shifting: Millennials are fast becoming [.]

Millennials, an article in Time magazine says. but in P&C insurance they’re beginning to be called the future of the industry. Insurers are currently grappling with an aging workforce and looking.

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There has been a steady hike in mortgage rates since. One clear driver is that millennials are aging. We keep thinking of them as being young, but the truth is that the largest age cohort in the.

The transition from Baby Boomers to Millennials is challenging many long-held norms within the housing industry. millennials are well educated but have high levels of student loan debt. In the united states alone, there are 43 million borrowers with a total of nearly $1.3 trillion of debt, while the average graduate in 2016 has $37,172 in.

I’ve been working in the industry for over a decade. and the homeownership rate for people under age 35 fell from a peak of 43% in 2007 to 37% today. Millennials continue to rent in unprecedented.

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