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The majority of the positions impacted at the lending arm of real estate firm Keller Williams were related to loan processing, according to a company spokesperson.
January 13 -
A spokesperson confirmed that close to 20 positions were terminated due to a "reorganization" but denied that there are plans to eliminate more jobs.
January 10 -
The Arizona-based lender has been in business for 35 years and has branches in over 20 states.
January 6 -
In recent weeks, Miami-based Lendmarq has swept up more than a dozen staff members.
January 6 -
The firm said it would still originate and service loans out of the office where the cost-cutting measures will occur.
December 20 -
The laws dictating advance notice of mass terminations include various exemptions for employers and suggest employees seek any recourse through legal action.
December 13 -
The cut occurred across departments and included the dismissal of the company's head of mortgage.
December 12 -
The company reported a net loss of $84.1 million in the third quarter and blamed the performance on interest rate hikes, inflation and supply chain woes.
December 7 -
The layoffs at the lender's Houston, Texas headquarters caught many by surprise as upper management informed employees in October that they had enough resources to weather the market conditions.
November 30 -
Loan officers, processors and closers were impacted, a source said. What remains is a "skeleton crew" to run operations.
November 22