SEPTEMBER 8, 2022 — HIDDEN LAYOFFS?
In response to falling origination volume, Freedom Mortgage, conducted layoffs in March, May, and August, including loan officers, closers, underwriters, and client support representatives. The company continues to outsource and offshore operations using technology outsourcer Deerfield Beach, Florida-based Moder, the business outsourcing arm of Archwell Holdings,
MARCH 12, 2020 — Original post…
Mount Laurel, New Jersey-based Freedom Mortgage, a multi-state mortgage banking, and servicing company, has announced that it will be closing its mortgage servicing call center located in San Dimas, California. The layoffs, commencing in June 2020 will impact 171 employees. California mortgages will continue to be serviced using other company facilities, possibly at RoundPoint Mortgage Servicing which the company acquired in 2019.
It is likely that the decision to close the office was conditioned on the restructuring to streamline operations and eliminate redundancies that normally occur when other companies are acquired.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?