MAY 3, 2022 — THE BLOODBATH CONTINUES, ANOTHER 140 EMPLOYEES.
The company continues the bloodbath in its Rosemont mortgage operations group, planning to lay off 140 employees, including human resources, technology, talent acquisition, and executive assistant positions on May 13, 2022. Layoffs are said to include 26 processors, 20 originators, and 15 mortgage account executives in junior and specialist job positions. The company is also laying off four people with the title of vice-president.
This follows the previous layoff of 351 employees, mostly non-commissioned loan officers, including 77 employees in North Carolina and 274 employees in Illinois last year.
DECEMBER 10, 2021 — Original post…
Rosemont, Illinois-based Interfirst Mortgage Company, a technology-driven online-only mortgage originator, has announced that it will be closing its recently-opened Charlotte, North Carolina wholesale hub office.
The closure will affect 77 employees and is scheduled to occur within two weeks of January 21, 2022. According to the company, the layoffs include 49 loan originators with 10 national account executives, 7 retail sales managers, 7 transaction coordinators, 2 wholesale sales development trainers, 1 regional manager, and 1 regional sales director of wholesale mortgage lending.
It is believed that the layoffs may be attributed to uncertain business conditions including instability in inflation-driven interest rates and a disruption in the housing market including mortgage refinances.
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?