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Traditional lenders and mortgage startups staffed up during the housing boom. Now the fastest rate spike in decades has led to industry-wide job loss.
The mortgage lender cut its staff again after firings in December and March, including one conducted on a mass Zoom call.
The company is blaming anticipated declines in origination volume for its latest cuts.
With its RightMove benefits, Mr. Cooper can help you have an easier homebuying experience. However, this lender ranks low in customer satisfaction.
Vishal Garg, the embattled CEO of Better.com, recently informed laid-off employees in a leaked video that the company "probably pissed away $200 million," resulting in layoffs. Garg infamously laid off 900 people via Zoom meeting weeks before Christmas last year.