Tag: Mortgages

Homepoint Has Finally Admitted It Has Shed 75% Of It’s Workforce

Homepoint Has Finally Admitted That It Shed Over 3,000 Employees.  Homepoint has finally admitted that it has shrunk its workforce. The company says it’s workforce of 4,000 workers in summer of 2021 down to 1,000. The wholesale lender laid off 913 employees according to WARN notices filed in Arizona, Florida, Michigan and Texas. Homepoint has…

By Musashi
2 min read

Homepoint Has Laid Off 100+ Employees

Homepoint Has Laid Off 100+ Employees. Company Expects To Save $100 Million Per Year With Layoffs Homepoint has laid off more than 100 employees this week. The company has been taking it to the gut with its price war with UWM. The company confirmed the layoffs on Wednesday and Thursday. They say the layoffs are…

By Musashi
2 min read

Homepoint Takes $44M Hit In Q2 Amid Price War With UWM

Increasing Profit Margins Is The Goal Says Homepoint Management. Company Says They Are Not Afraid To Downsize Permanently Homepoint took a $44 Million loss in the second quarter of 2022. The company had already reduced costs and sold the mortgage servicing rights for loans in their servicing portfolio. The company reported that surging interest rates…

By Musashi
3 min read

New American Funding Eliminates Hundreds Of Jobs

Sources Say New American Funding Eliminated Loan Officers, Processors And Underwriters In Another Lay Off Sweep Former employees say New American Funding has laid off hundreds of employees on Tuesday. New American Funding eliminated several hundred positions. The company laid off loan officers and underwriters. In addition the company also laid off processors and training…

By Musashi
2 min read