This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As a result, we’re bringing greater clarity to the process for consumers and professionals alike, and empowering loanofficers and lenders to redirect their humanresources away from manual tasks like researching closing fees and toward more complex functions like marketing, sales and customer service.”.
6, 2024,” Sherry Carson, humanresources generalist at Country Club Mortgage, wrote in a letter sent to the Employment Development Department in California in early December. It also says it processes, underwrites and funds loans in-house. More than 50 mortgage loanofficers were let go.
Lauren Witherspoon, director of humanresources, wrote: “Circumstances will force Texana Bank to conduct layoffs,” taking place Sept. The layoffs include loanofficers, underwriters, processors, post-closing and secondary market staff. 5, according to the document reviewed by HousingWire.
“We are well positioned to educate consumers about the loan process and help them overcome whatever challenges that may arise. Panorama offers platforms for humanresources, finance, technology, legal and compliance services to its group of lenders.
Pink slips will arrive for California employees at six offices in Thousand Oaks, Pasadena, Roseville, Westlake Village, Agoura Hills, and Moorpark. The latest round of WARN notices will impact 59 loanofficers in the Thousand Oaks, Pasadena, and Roseville offices.
A former loanofficer at Guaranteed Rate (G-Rate) has sued the lender and two managers for allegedly discriminating against her on the basis of gender, failing to compensate her equally to male coworkers with similar performance and subjecting her to sexual harassment. Lamkin and Moschella did not return a request for comment.
Another Zoom co-founder is Robert Lee Turfe, who comes from General Motors and leads areas such as marketing and humanresources. His team at Zoom Home Lending currently has about 20 loanofficers, but he is targeting 100 in the company’s first year of business. “Rocket went public and the times have changed.
“First Savings Bank has planned a layoff in which a significant portion of impacted employees are considered remote or virtual employees in multiple states,” Julie Bleich, senior vice president and humanresources director, wrote to the Department of Labor and Economic Opportunity in Michigan on Sept. Its volume declined from $1.1
According to the DOL, the company terminated two California-based employees after they reported to a regional manager and the vice president of HumanResources that a branch manager pressured them to pass on fees to loan applicants caused by internal processing delays. mortgage lender in 2023.
“With the demand for mortgage services falling to its lowest level in 22 years, and the resulting impact of this market condition on our business, we will be laying off many employees,” Sherry Meneley, director of humanresources, wrote in a Worker Adjustment and Retraining Notification (WARN). The layoff, set for Nov.
One of the cases mentioned is a lawsuit filed by former loanofficer Megan McDermott, which HousingWire reported on in April. Work environment The former employees interviewed by the Tribune said they didn’t think their complaints to humanresources were taken seriously. The ongoing case was filed in New Jersey.
Most of last year’s top-producing loanofficers at Draper and Kramer Mortgage Corp. Compensation According to a letter the DKMC humanresources department sent in late January to sales staff that declined to join NAF, originators will receive compensation for any products funded within 30 days.
The bank has 197 active loanofficers and 12 branches across the country. In August, the bank issued pink slips to an undisclosed number of employees in humanresources, client advising, information technology, according to the outlet. While refis consisted of 56.7% of last year’s production.
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. The company’s job cuts include humanresources, technology, talent acquisition, and executive assistant positions.
The most recent layoff came on Tuesday when the California-based lender eliminated several hundred positions, including loanofficers, mortgage underwriters, processors and training specialists, multiple former employees said. Employment termination was effective Aug.
Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loanofficer at Draper and Kramer Mortgage Corporation. Maryland has over a dozen Eastern European stores that sell products like caviar, pumpernickel bread and salo, a Ukrainian-style bacon.
The Detroit-headquartered lender has been cutting expenses and targeting purchase business, looking to hire local loanofficers. Rocket is offering between 12 and 24 weeks of pay, depending on the employee’s tenure at the company, along with extended benefits. The firm ended 2022 with 18,500 employees, a 7,500 or 28.8%
His job was to receive and make calls to customers and pass them along to loanofficers. “Under a point system, call center employees received demerits in their LoanDepot humanresource file if they left their desks for more than 10-minutes per workday,” the lawsuit states. In August of 2021, Dickens resigned.
The decision was confirmed by Ami Shaver, executive vice president and of head of humanresources at United Bank, in a letter sent to Georgia’s Office of Workforce Deployment on Jan. As part of the consolidation, Georgia-based Crescent Mortgage will be closing its location and ceasing operations in Atlanta on March 29.
Pink slips will arrive for California employees at six offices in Thousand Oaks, Pasadena, Roseville, Westlake Village, Agoura Hills, and Moorpark. The latest round of WARN notices will impact 59 loanofficers in the Thousand Oaks, Pasadena, and Roseville offices. Rosemont, Illinois-based Interfirst Mortgage Co.
The second round of layoffs this month mostly affected non-tech workers and included its vice president of creative, an operations training manager and a humanresources director. Loanofficers were let go in August as well, according to former employees.
Despite receiving an award for her group’s performance in January 2022, Meyer was informed by the humanresources team, Simons and Jewkes that she was being terminated or could accept a demotion to an hourly call center loanofficer.
The industry has evolved in the way it hires, trains and deploys its humanresources. For some title agencies, that means moving away from a business model that assigns entire files to employees, instead choosing to deploy centralized resources and specialization to make the process more efficient.
So a lot of my time is spent working together with our chief humanresourceofficer, working through how we make sure we’re attractive to great talent — either recruiting them or identifying them internally. As a company, “people first” is our mantra.
We have a very large contingent of loanofficers and branch networks. We don’t hold loans on our balance sheet. Nunes: How is loanDepot retaining and attracting loanofficers? It’s much more relatable to the consumer and to the loan originator. We’re stable. Do people get offers?
Elizabeth Martin, a former loanofficer assistant of UHM, filed suit against the lender alleging sex and/or pregnancy under the Missouri Human Rights Act and Title VII of the Civil Rights Act in the 16th judicial circuit court of Jackson County, Missouri early this year. Hastings, a branch manager and loanofficer, on Aug.
Check with your HumanResources department to see if this is a benefit that is offered. For more information about mortgages and your down payment options, call a PennyMac LoanOfficer or begin your online application today. Option 3: Employer-Assisted Programs. Option 4: Community Service Programs.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content