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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. this year from 1.6%, according to Jones.

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Lone Peak Lending joins Panorama Mortgage Group

Housing Wire

“We are well positioned to educate consumers about the loan process and help them overcome whatever challenges that may arise. Panorama offers platforms for human resources, finance, technology, legal and compliance services to its group of lenders.

Lending 384
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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.

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Frank Martell talks loanDepot’s restructuring, path to profitability and M&As 

Housing Wire

In fact, loanDepot recently showed the market that it’s considering acquisitions by appointing industry veteran Dan Hanson as executive director of enterprise partnerships and acquisitions. Amid a shrinking market, Vision 2025 was extended into 2026 and beyond, Martell said. How will loanDepot recover this market share?

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Opinion: Title firms can win more business by turning workflow weaknesses into strengths

Housing Wire

Historically, that has represented a solid market, albeit not spectacular. For many firms, those efforts will include increased sales and marketing efforts and new products or services to tap into new markets. And not all of them are technological. Technology, too, has changed. Instead, it was a process change.

Business 332
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These mortgage lenders have cut jobs in 2022

Housing Wire

Company chief financial officer Patrick Flangagan said loanDepot doesn’t expect to be profitable this year and shared plans to reduce marketing personnel expenses. Loan origination volume dropped 26% to $21.6 billion from the previous quarter, according to the firm, bringing the company’s market share down to 3.1%.

Mortgage 409