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Texana Bank to trim workforce in California

Housing Wire

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. Employees on the technology, marketing and human resources teams are on the list.

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Keller Williams’ holding company names 3 execs

Housing Wire

KWx also announced Travis Peace as its first head of business development and partnerships. In Foley, Liebert hired a human resources no. Foley has a long track record as a human resources executive, but no prior experience in real estate. 1 that he met while CEO of 24 Hour Fitness.

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How Blend plans to survive a shrinking mortgage market 

Housing Wire

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. ” In 2021, Blend processed more than 1.8

Mortgage 361
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Rocket Mortgage receives tax subsidy, will hire in Cleveland

Housing Wire

Rocket Mortgage will receive a tax subsidy worth up to $9.6 Governor Jon Husted on Monday said the Ohio Tax Credit Authority approved an expansion project for tax credit assistance for Rocket Mortgage, whose parent company made over $6.6 Easily the biggest mortgage lender in America, Rocket had a phenomenal 2020.

Mortgage 293
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These mortgage lenders have cut jobs in 2022

Housing Wire

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

Mortgage 409
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Cenlar FSB taps co-CEOs to replace Greg Tornquist

Housing Wire

Cenlar FSB , the nation’s second-largest mortgage servicer and largest sub-servicer, has installed new leadership following the retirement of its president, CEO and chairman Greg Tornquist. Chief Operating Officer Rob Lux was named co-CEO for operations, technology, business development, client management, human resources, and legal.

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Interfirst to lay off 140 employees

Housing Wire

Six months ago Interfirst Mortgage Co. The company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions. The workforce reduction is also focused on mortgage loan production. The company is also laying off four people with the title of vice-president.