With the implementation of artificial intelligence in the mortgage industry, one of the problems being targeted is how long an employment search can take for bankers and brokers. While the Internet has sped up the process, job seekers are still faced with the usual frustrations, including where to apply and how much their compensation can realistically be. BankerMatch.com is leading the efforts to solve these problems by leveraging AI, machine learning algorithms, and natural language technology to streamline how loan officers are matched with their ideal employers. The firm recently launched “Know Your Worth,” a free calculator that provides the current market compensation and sign-on bonus range that companies anywhere in America are willing to offer for their skills and experience. COO Sebastian Rametta and SVP of National Recruiting Manny Iosue explain that today’s technology is replacing guesswork with precision, resulting in more efficient job searches for mortgage loan officers.
“For years, mortgage bankers who wanted to find a new position had to wade through dozens of possibilities that weren’t suitable for one reason or another,” says Rametta. “They knew what they were looking for, but there wasn’t a way to narrow their efforts. As a result, a lot of time was wasted. AI and ML, however, are bringing mortgage professionals right to the best matches, and that is exciting to see happen.”
BankerMatch.com has already placed 400+ branch managers and 1,000+ loan officers across the United States. Its platform utilizes algorithms to match banks and mortgage professionals based on specific criteria, including company size, culture, location, compensation packages, and products offered. As Iosue explains, BankerMatch.com is about helping candidates to find the right employer and doing the due diligence for brokers and mortgage banks.
“What we are especially excited about at BankerMatch.com is our rollout of ‘Know Your Worth,’” Iosue says. “With artificial technology, we were able to create a tool that opens up the job market for brokers and mortgage bankers across the United States. Now, no matter where you live, you can quickly learn about your potential compensation in markets around the country. It’s all because of the power of AI – users of ‘Know Your Worth’ can do in just ten minutes what used to take hours.”
By incorporating artificial intelligence in the services offered by BankerMatch.com, both Rametta and Iosue hope the job search will become much easier for top mortgage loan officers. “In the meantime, we plan to continue developing new ways for AI to make our industry more efficient,” says Rametta. “If we can do so much today, just imagine what mortgage professionals will be able to do ten years from now.”
BankerMatch.com is the number 1 recruiting and placement firm in the mortgage industry. It strives to be the leader in connecting banks with the most trusted and reliable professionals. Its team uses cutting-edge AI technology to find perfect matches, negotiate pricing and compensation, and take care of all due diligence. BankerMatch.com is committed to delivering quick, efficient, and effective matches that help its clients achieve success.
For more information about BankerMatch.com and its “Know Your Worth” calculator, please see its website or Instagram.