COVID-19 impacts Mortgage Loan processing
With the interest rate declines during the COVID-19 pandemic, mortgage loan processing volume significantly increased and our large Financial Services client needed help keeping up. Our client hadn’t previously used consulting services in this area before, but we were able to quickly come in to provide support services in the way of mortgage loan processors, underwriters, and closers.
With our variable workforce model, Jefferson Wells adapted to meet the ever changing needs of our client from week to week, and helped ease their mindset of a remote work model. Our integrated services provided a collaborated approach to standing up a large team to meet the client need. Our ongoing support team evolved and the client took some of our consultants permanently, growing their talent and giving our consultants new career challenges.
Due to the quick turnaround of supplying our client with the right resources at the right time, they were able to process and close more mortgage loans, ultimately impacting the banks bottom line. In addition they were able to upgrade their talent with a new permanent team.
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ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, Talent Solutions, and Jefferson Wells – creates substantial value for candidates and clients across more than 75 countries and territories and has done so for over 70 years. We are recognized consistently for our diversity - as a best place to work for Women, Inclusion, Equality and Disability and in 2021 ManpowerGroup was named one of the World's Most Ethical Companies for the twelfth year - all confirming our position as the brand of choice for in-demand talent.
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