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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. 5, according to the document reviewed by HousingWire.

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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. RON is a great example: Only 15-20% of RON happens in real estate — everything else is in other industries. Real estate companies might want to engage with AI, they might want to use those tools. For everything else, you should partner with other people.

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USAA Federal Savings Bank cuts 130 positions in real estate lending 

Housing Wire

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. The bank has 197 active loan officers and 12 branches across the country. The layoffs at USAA Federal Savings Bank represent about 1.6%

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

Housing Wire

In many cases, no technology existed to specifically address that new requirement (or could only be created on a costly, custom basis). And not all of them are technological. The industry has evolved in the way it hires, trains and deploys its human resources. Technology, too, has changed.

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These mortgage lenders have cut jobs in 2022

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. Rosemont, Illinois-based Interfirst Mortgage Co.

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