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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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Guaranteed Rate conducted two rounds of layoffs this month

Housing Wire

The second round of layoffs this month mostly affected non-tech workers and included its vice president of creative, an operations training manager and a human resources director. Loan officers were let go in August as well, according to former employees.

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New American Funding eliminates hundreds of jobs

Housing Wire

The most recent layoff came on Tuesday when the California-based lender eliminated several hundred positions, including loan officers, mortgage underwriters, processors and training specialists, multiple former employees said. Employment termination was effective Aug.

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As the market shifts to purchase, LOs get creative

Housing Wire

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. Maryland has over a dozen Eastern European stores that sell products like caviar, pumpernickel bread and salo, a Ukrainian-style bacon.

Marketing 397
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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.

Mortgage 421
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Opinion: Title firms can win more business by turning workflow weaknesses into strengths

Housing Wire

The industry has evolved in the way it hires, trains and deploys its human resources. For some title agencies, that means moving away from a business model that assigns entire files to employees, instead choosing to deploy centralized resources and specialization to make the process more efficient.

Business 391