article thumbnail

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. Interfirst is a mortgage business founded in 2001 by Dmitry Godin that has been harmed before by market downturns. Six months ago Interfirst Mortgage Co.

article thumbnail

Guaranteed Rate’s Larry Steinway makes the jump to Revolution Mortgage

Housing Wire

He then transitioned to PHH Home Loans in 2001 for an in-house lending stint, a role he stayed in for about nine years. Steinway is the sole loan officer in his branch and is supported by the rest of his five team members, who primarily focus on marketing its realtor relationships. It’s the local relationships.

Mortgage 357
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Interfirst Mortgage to lay off nearly 50 LOs

Housing Wire

will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.

Mortgage 375
article thumbnail

Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 In November, Interfirst issued pink slips to hundreds of non-commissioned loan officers at its call centers in Charlotte, North Carolina and Rosemont, Illinois, according to WARN notices in both states.

Mortgage 359
article thumbnail

Opinion: Solutions to restore housing as an economic growth engine

Housing Wire

in 2001 to 44.8% Some communities are not equitably served because lenders say they are unable to recruit and hire minority loan officers who reside in these communities. Action must be taken to provide adequate credit access to homebuyers and encourage the housing market to expand opportunities for American households.

Insurance 381