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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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Keller Williams’ holding company names 3 execs

Housing Wire

KWx also announced Travis Peace as its first head of business development and partnerships. In Foley, Liebert hired a human resources no. Foley has a long track record as a human resources executive, but no prior experience in real estate. 1 that he met while CEO of 24 Hour Fitness.

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Pennymac imposes a new round of layoffs ahead of Q3 earnings 

Housing Wire

Nonbank mortgage lender and servicer Pennymac Financial Services imposed a new round of layoffs to its employees this week, ahead of its third-quarter earnings report on Thursday. . PennyMac is the largest correspondent lender in America, through which it originates most of its purchase mortgages. I was part of a huge company layoff.

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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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California-based Summit Funding to cut 72 staffers

Housing Wire

Sacramento, California-based mortgage lender Summit Funding Inc. plans to make a round of layoffs in late November that will affect 72 employees, according to a document filed with the state’s Employment Development Department. . Todd Scrima, the company’s CEO, founded the mortgage lender in 1995.

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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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