Tagged: Layoffs

Servicing kept the lender profitable in the third quarter as production volume plunged and management accelerated a $160 million cost-reduction plan

The lender is targeting $3 million in annual savings after forecasting its strongest revenue since 2021, with a bank statement loan promotion approaching its Oct. 31 lock deadline

Workforce reductions come amid wider lender adoption of VantageScore and changes to GSE credit-score pricing

Following a string of job cuts at Prudential Financial, TD Bank, Valley National Bank, JPMorgan Chase, Citibank, Barclays, and Ernst & Young.

With its budget ceiling nearly halved, CFPB weighs workforce cuts just as it proposes narrowing supervision of nonbank lenders

‘Difficult’ reduction comes after company identified workforce redundancies post-Redfin acquisition

Cuts at mortgage, housing-related agencies help spur government employee exodus from the nation’s capital

Radian Group plans to lay off 70 employees, including C-Suite member, in September.

That will affect 265 employees in Colorado and Arizona, per the WARN notices

WARN Notices were filed the day after Computershare Mortgage Services, SLS acquisition closed.