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Lone Peak Lending joins Panorama Mortgage Group

Housing Wire

Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Lone Peak is the fourth lender to join Panorama this year, following the additions of Utah-based Rely Home Loans , Texas-based Prosperity Mortgage and Oregon-based Vision Mortgage Group.

Lending 384
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First Savings Bank to cut 100-plus mortgage jobs across multiple states

Housing Wire

News of the plans come as political instability and a strong job market push mortgage rates closer to 8%. And the bank has about 46 active loan officers in 57 branches, the data shows. It has three national lending programs: single-tenant net lease commercial real estate, SBA lending and residential mortgage banking.

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Texana Bank to trim workforce in California

Housing Wire

Lauren Witherspoon, director of human resources, wrote: “Circumstances will force Texana Bank to conduct layoffs,” taking place Sept. The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff. The lender’s guide to surviving this mortgage market.

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Pennymac plans to lay off another 207 employees

Housing Wire

Pink slips will arrive for California employees at six offices in Thousand Oaks, Pasadena, Roseville, Westlake Village, Agoura Hills, and Moorpark. The latest round of WARN notices will impact 59 loan officers in the Thousand Oaks, Pasadena, and Roseville offices. Pennymac reported a pretax income of $234.5

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As the market shifts to purchase, LOs get creative

Housing Wire

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. Meanwhile, others worry that they will soon wash out of the industry. TikTok, Facebook and LinkedIn.

Marketing 381
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Rocket offers third round of voluntary buyouts to employees

Housing Wire

The Detroit-headquartered lender has been cutting expenses and targeting purchase business, looking to hire local loan officers. The company offered additional buyouts when the mortgage market deteriorated in the second half of 2022. Rocket is expected to release its second-quarter earnings in the coming weeks.

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Interfirst to lay off 140 employees

Housing Wire

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. The company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions.