White Plains, New York-based RealFi Home Funding Corp, a technology-driven residential mortgage originator, reportedly has executed a mass reduction in force and stiffed its employees as it struggles with legal problems, reduced origination volumes, high interest rates, and problems with its wholesale credit lines.
Employees received an email on December 28, 2023, from Chief Operating Officer Jodi Mosiello, noting that RealFi was unable to honor its commitment to pay the owed salaries due to unprecedented circumstances. “Unfortunately, at the present time, RealFi does not have the funds to pay the monies owed to its employees. As money comes in during the restructuring, it is RealFi’s intention to make all employees whole.”
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. We see good people being laid off through no fault of their own. 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?