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issued pink slips to over 350 non-commissioned loanofficers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. Interfirst is a mortgage business founded in 2001 by Dmitry Godin that has been harmed before by market downturns. Six months ago Interfirst Mortgage Co.
will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loanofficers, 10 national account managers, seven retail sales managers and seven transaction coordinators.
He then transitioned to PHH Home Loans in 2001 for an in-house lending stint, a role he stayed in for about nine years. Steinway is the sole loanofficer in his branch and is supported by the rest of his five team members, who primarily focus on marketing its realtor relationships. It’s the local relationships.
Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 In November, Interfirst issued pink slips to hundreds of non-commissioned loanofficers at its call centers in Charlotte, North Carolina and Rosemont, Illinois, according to WARN notices in both states.
in 2001 to 44.8% Some communities are not equitably served because lenders say they are unable to recruit and hire minority loanofficers who reside in these communities. Action must be taken to provide adequate credit access to homebuyers and encourage the housing market to expand opportunities for American households.
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