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But far more staff reductions will be needed to bring numbers back in line with the norm prior to the past two years' extraordinary housing boom.

The company is reporting both higher origination volume and net earnings on a quarter-to-quarter basis.

The new recruits mainly cover the East Coast.

The company had benefited from the hot pandemic housing market until rising mortgage rates cooled demand, leaving it holding real estate that was worth less than its purchase price.

The company's volume fell behind its wholesale-focused chief competitor's in the third quarter but management foresees potential weakness in the broker channel.

Without the increase in valuations, the company recorded a reduced, adjusted, pretax loss in the third quarter; so it's doing more to cut costs and focus on subservicing strategies.

Leaders of its parent company touted the success of subscription models and also made a case for its proposed merger with Black Knight in an earnings call

The most recent cuts bring the company's total headcount reduction to over 1,000 employees this year.

The lender and servicer had already reduced its funding capacity for originations by a combined $1.5 billion before its latest disclosure.

Following the latest Federal Reserve boost in short-term rates, industry and other observers are anticipating more volatility to affect home loan financing.