Tag Archives: Layoffs

Wholesaler Crescent Mortgage closing up shop at end of March

By | | Uncategorized
Comments Off on Wholesaler Crescent Mortgage closing up shop at end of March

Sixty-five employees are slated to lose jobs when the Atlanta-based lender, licensed in 48 states, ceases operations on March 29, the company confirmed in a WARN Act filing with Georgia officials. Continue reading →

Loan subservicer Dovenmuehle Mortgage laying off 212 workers

By | | Uncategorized
Comments Off on Loan subservicer Dovenmuehle Mortgage laying off 212 workers

Illinois-based Dovenmuehle Mortgage, which collects monthly payments from homeowners in all 50 states on behalf of lenders and investors, says it’s cutting HQ staff but not closing down. Continue reading →

Flyhomes announces 3rd round of layoffs since 2022

By | | Uncategorized
Comments Off on Flyhomes announces 3rd round of layoffs since 2022

Seattle-based brokerage and mortgage lender Flyhomes announced another round of layoffs on Friday. The company had layoffs in July and November 2022, with one round impacting 20 percent of its workforce. Continue reading →

After downsizing, Better says it has cash to weather $340M Q3 net loss

By | | Uncategorized
Comments Off on After downsizing, Better says it has cash to weather $340M Q3 net loss

A $565 million influx of cash from an August SPAC merger and a $1 billion reduction in annual expenses put Better on a footing to navigate a challenging market, executives say. Continue reading →

LoanDepot warns more layoffs are coming — but on a smaller scale

By | | Uncategorized
Comments Off on LoanDepot warns more layoffs are coming — but on a smaller scale

With headwinds in sight for 2024, loanDepot plans to slash $120 million in annual expenses following three consecutive quarters of cuts, CEO Frank Martell said during a Q3 earnings call Tuesday afternoon. Continue reading →

The activity with best ROI? It’s old-school networking, Intel poll shows

By | | Uncategorized
Comments Off on The activity with best ROI? It’s old-school networking, Intel poll shows

Agents are doubling down on networking to drive business in tough times, according to results from the Inman Intel Index, excerpts of which are available to Select subscribers for the first time. Continue reading →

Better cuts mortgage sales team 2 weeks after $500M SPAC raise

By | | Uncategorized
Comments Off on Better cuts mortgage sales team 2 weeks after $500M SPAC raise

The lender has become more reliant on its B2B channel, with partnerships alongside companies like Ally Bank and American Express accounting for nearly half of its mortgage originations. Continue reading →

Divvy Homes letting 95 employees go, including senior managers

By | | Uncategorized
Comments Off on Divvy Homes letting 95 employees go, including senior managers

The third round of layoffs in the last 12 months affects employees in 21 states, including Divvy’s chief legal officer, vice president of compliance and head of design. Continue reading →