Vahe Hayrapetian: New Home Loan Trends Show U.S. Markets Rebounding

GLENDALE, Calif., Dec. 17, 2012 /PRNewswire/ -- Numerous pieces of evidence are beginning to emerge, suggesting that the United States economy is clearly headed toward a recovery. One of the most significant pieces of evidence comes from the banking industry; according to a recent Bloomberg report, U.S. banks are beginning to hire more and more home loan professionals, in an effort to keep up with demand among homeowners. This trend has won the attention of many financial professionals—including long-time home mortgage salesman Vahe Hayrapetian.

According to the Bloomberg report, many American banks, which have been earning historic profits for home loans, are either hiring or transferring thousands of staff members, hoping to keep up with the demand for refinancing. In fact, Bloomberg notes that employment tied to home mortgages increased by nine percent this year, as of September. Mortgage-related jobs currently total 285,000, the highest it has been since 2008.

The Bloomberg report says that banks have been keeping mortgage rates "much higher" than they ought to be, with staffing concerns being the primary factor; banks have kept rates high so as to curb demand, fearing an inability to keep up with the sheer volume of home loan and refinancing requests. Bloomberg suggests that, with this spike in hiring, this trend may finally be reversing.

The report has won the attention, and the enthusiasm, of Vahe Hayrapetian. A long-time veteran of the home loan industry, Vahe Hayrapetian currently serves as Sales Manager for Skyline Home Loans, a company based in Glendale, California. Mr. Hayrapetian has responded to the Bloomberg report with a new statement to the press.

"There is no mistaking this for anything other than a good sign, not just for bankers and not just for consumers, but for the U.S. economy on the whole," notes Vahe Hayrapetian, in his press statement. "All of the fundamentals point toward growth, or at least toward progress in the right direction. Banks are hiring again. Jobs are opening up in the home loan sector. Homeowners, meanwhile, are taking action, refinancing their homes and getting better and better rates."

Bloomberg notes that several of the nation's leading banking institutions have taken part in this latest hiring trend. JPMorgan Chase & Co, the largest U.S. bank in terms of overall assets, has transferred 3,500 staff members from servicing to home mortgage. Wells Fargo, meanwhile, has increased its operations staff by some 25 percent, in 2012 alone.

Bloomberg also notes that this spike in home mortgage hiring came before the re-election of President Obama, which could potentially lead to an even greater acceleration in volume.

Vahe Hayrapetian has worked in the home loans divisions of several leading institutions, including Bank of America.

ABOUT:

Vahe Hayrapetian is a sales professional with an impressive career history, focused primarily on financial services and home loan companies. Presently, Hayrapetian is the Sales Manager of Skyline Home Loans, based in Glendale, California; previous positions include management roles at Bank of America, GMAC Mortgage, and more. Outside the office, Mr. Hayrapetian is an enthusiastic supporter of FCN, a non-profit organization that seeks to enrich the lives of poor Armenian children.

SOURCE Vahe Hayrapetian