First NLC Consolidating Wholesale Ops

First NLC Financial Services LLC, a nonprime mortgage originator based in Deerfield Beach, Fla., has announced the closing of several wholesale operations centers and an unspecified number of employee layoffs, according to Market Wire.First NLC, a wholly owned subsidiary of Friedman, Billings, Ramsey Group, also announced the consolidation of its wholesale operations into its facilities at Deerfield Beach and Anaheim, Calif., the news service reported. The restructuring was attributed to lower origination volumes industrywide and an effort to align the company's cost structure with the current operating environment.