Longbridge currently employs 477 people, having promoted over 40 individuals and made 90 external hires in the past year, reflecting a headcount growth of 12%. Recruiting challenges exist in the reverse mortgage industry, which traditionally recruits from within. To meet rising consumer demand, companies must adopt innovative hiring strategies and invest in training programs. There is a focus on hiring both experienced professionals and newcomers, allowing for mentorship and development opportunities as part of a long-term growth strategy.
To continue to grow and expand this industry and keep up with the innovation that's happening, we're going to have to get more creative about our hiring and expand who we're looking at.
The easiest thing to do is to hire somebody that's already doing the job because they have a proven track record. But I do think there's going to need to be more investing in people.
What I mean by greenhousing is bringing individuals in early in their career, early on in their time in reverse mortgages, and teaching them internally.
I like to be in a place where we're bringing in both seasoned individuals and newbies, so you've got opportunities to mentor individuals.
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