NewRez Is Restructuring It’s Retail Division By Eliminating Legacy Senior Managers From Caliber Home Loans. NewRez is restructuring its distributed retail mortgage business. as a result, this has resulted in cuts to regional and divisional managers. The restructuring also includes reduced compensation for loan officers. The company fired any nonproducing regional and divisional managers last […]
New Residential Investment Corporation Hands Out Hundreds More Top To Bottom Pink Slips In Every Department. New Residential Investment Corporation is continuing to lay off originations staffers this week. The lender has made launched rounds of massive layoffs since February. New Residential employees say the company targeted their processing, underwriting, and closing departments in last […]
Mortgage Industry Faces More Mass Job Layoffs. First Guaranty and Zillow Among Those Slashing Positions. The mortgage industry faces another round of layoffs. First Guaranty Mortgage has become the latest industry player forced to lay off loan officers amid market shifts. The company revealed it will cut 428 employees at its Plano, Texas location. The […]
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