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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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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.

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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels.

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What a tech entrepreneur has discovered about reverse mortgages

Housing Wire

Anna Frankowska was recognized in 2017 as one of Forbes’ “ 30 Under 30 ” in Europe, having studied economics in London before moving to work in investment banking. But she quickly realized it is facing real challenges, and she began asking why it has not grown and developed to a place it could be. “I

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loanDepot plans to launch ‘digital’ HELOC in Q3

Housing Wire

” Prospective borrowers can talk to a licensed loan officer if they prefer during the approval process, however. In a traditional home equity product, the lender disburses a lump sum upfront to the borrower, who then pays the loan back in fixed-rate installments.

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First American’s Paul Hurst on the allure of big tech ideas

Housing Wire

Given enough capital, you can build a lot of technology. I spent 15 years at the intersection of some large company technology organizations. For technology teams, when you think about incentives, there’s nothing quite like the incentive of making payroll to drive ingenuity, like you would see at a start up.

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The fate of HUD

Housing Wire

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. Part of its effort to modernize its outdated technology systems, the FHA Catalyst program, hit a snag last year. Premium product.

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