Atlanta-based Angel Oak Companies instituted a round of layoffs at its retail mortgage company on Friday, not long after trimming the workforce in its wholesale and correspondent business. 

The latest jobs cut was at Angel Oak Home Loans, which reduced its headcount by 57 employees, comprising 15% of the total, a spokesperson told HousingWire.  

The spokesperson added that the layoffs are to better position the company as it manages through the headwinds currently facing the mortgage industry. “Angel Oak Home Loans continues to serve homebuyers across the country and maintains staffing levels to meet the changing dynamics of details ⇒

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