Mortgage and Housing Layoffs
Most of America’s largest mortgage lenders have instituted at least one round of layoffs this year. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses in 2022 and 2023.
Latest Posts
Santander Bank exiting third-party mortgage origination business
Aug 22, 2019Santander Bank, the U.S. banking arm of Spain’s Banco Santander, is exiting its third-party mortgage origination business as the lender shifts its focus to originating mortgages through its 600 retail bank branches. The move will lead to at least 65 layoffs.
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Ellie Mae announces layoffs of 10% of its staff
May 20, 2019 -
Ditech shuttering Minnesota office, laying off more than 200 employees
Apr 04, 2019 -
Ocwen planning to lay off more than 2,000 mortgage employees
Mar 06, 2019 -
IBM lays off 310 mortgage servicing staff at Seterus
Jan 16, 2019 -
Mr. Cooper laying off 109 mortgage employees in California
Jan 15, 2019 -
Gateway Mortgage shuttering California branches, laying off dozens
Dec 04, 2018 -
How to improve lending team productivity
Dec 03, 2018 -
Brokers prepare to shake up mortgage lending
Nov 27, 2018 -
loanDepot hires 60 loan officers while reportedly laying off “hundreds”
Nov 16, 2018 -
Wells Fargo eliminating 900 mortgage jobs
Nov 15, 2018
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