CrossCountry Mortgage is not confirming whether it's laid off employees, removing a Worker Adjustment and Retraining Notification it said was filed by a person no longer with the company.
The WARN was filed Nov. 1 in Colorado and indicated 100 workers would be impacted. A spokesperson for CCM Wednesday said the company didn't file the WARN and requested the state disclosure be removed.
The filing was posted by a former CCM worker, according to a representative. The filer, when reached Monday by an email contact listed in the notice, declined to comment further and asked not to be contacted again.
A spokesperson declined to comment on whether CCM had undertaken any layoffs. The lender hasn't disclosed any reductions in force during the market's latest cycle
The privately owned Brecksville, Ohio-based firm has grown into a major player in the market, ranking as the fifth-largest retail lender last year with over $53.5 billion in volume according to the Scotsman Guide. The company in a recent press release also claims over 8,000 employees across the country.
The company has been
Many mortgage lenders, servicers, technology firms and mortgage and title insurers have reduced headcounts in response to industry wide waning profits, including a spate of
Editor's note: This story has been updated to reflect that the WARN filing did not come from CrossCountry leadership.
