General World News

Anxiety grips LOs as layoffs sweep the industry

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.”

They have good reason to feel anxious. Numerous shops, including Better.com, Interfirst Mortgage, and Freedom Mortgage have announced layoffs in the past few weeks, and some LOs worry their jobs may also be on the chopping block.

According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage, “there is definitely some concern” about layoffs in the industry. But he feels confident that being a part of a more traditional shop, rather details ⇒

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