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Country Club Mortgage to lay off employees, including CEO, and shutter offices

Housing Wire

Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. More than 50 mortgage loan officers were let go. This letter serves to give you an amended 60-day notice of permanent layoffs and facility closures effective Feb.

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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. As the U.S.

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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.,

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Guaranteed Rate’s Owning continues layoffs

Housing Wire

a direct-to-consumer mortgage lender acquired by Guaranteed Rate in February 2021 , is planning a workforce reduction amid higher mortgage rates and lower refinance volumes. The layoffs affect mainly mortgage consultants, specialists, and assistants, but it targets underwriting and closing professionals.

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loanDepot appoints Dan Hanson to newly-created executive role

Housing Wire

The mortgage lender has had several changes to its leadership so far this year. According to the company, Hanson will be responsible for “developing new revenue-generating opportunities, including national referral relationships and acquisitions.” It does not include the company’s joint venture channel.

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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

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Here are the 2022 HousingWire Vanguards!

Housing Wire

Head of Neighborhood and Community Lending. Gold Star Mortgage Financial Group. Managing Director and Global Head of Mortgage Services. Mortgage Champions. Sales Boomerang and Mortgage Coach. Senior Executive Vice President, President of Residential Servicing and Correspondent Lending. Freedom Mortgage.