CrossCountry Mortgage lays off 100 people

CrossCountry Mortgage is the latest lender to cut jobs, announcing layoffs last week.

The cuts were revealed in Colorado’s worker adjustment and retraining notice, which identified the affected workers only as mortgage lending staff. I didn’t mention it. Decrease in mortgage activity.

A person listed as a contact in the WARN filing declined to comment on Monday morning, and another CCM worker identified in the filing did not respond to a request for comment.

The Brexville, Ohio-based privately owned company has grown to be a major player in the market, ranking as a retailer with over $53.5 billion last year, according to The Scotsman Guide. The company also claimed in his recent press release that he has more than 8,000 employees nationwide.

WARN affects 70 staff based in the Denver office, though it’s unclear if that number includes all employees at the location. According to WARN, his 100 workers who were affected had no right to clash and were not represented by a union.

The company be criticized by various competitors This spring, it raided dozens of loan officers when the market was at its peak and in the early stages of its decline. A CrossCountry spokesperson said in October that he was looking forward to recruiting and attracting more talent after criticizing a mortgage competitor for suing a former LO who moved to his CCM. said.

CCM participates expanded list Mortgage lenders, servicers, technology companies, mortgage and title insurers cut headcount in response to declining industry-wide profits. News of the month Continue with our third quarter earnings report.industry too Lost nearly all of the jobs it gained in 2021the number of mortgage workers fell to 390,800 in September, according to a report Friday from the Bureau of Labor Statistics.

Leave a Comment