General World News

Consumer direct mortgage lender lays off 35 LOs

Pink slips arrived for nearly three dozen loan officers at Wyndham Capital Mortgage on Wednesday, HousingWire has learned.

The consumer direct mortgage lender, headquartered in Charlotte, North Carolina, said it laid off 35 LOs across its offices in Dallas, Charlotte, Salt Lake City, Kansas City, and Phoenix.

In a statement, Jeff Douglas, CEO of Wyndham Capital Mortgage, said that the company is “well-positioned and continues making investments to compete in a purchase market and is poised to gain market share to meet the needs of today’s borrowers.”

Last year, Wyndham actively expanded, opening two hubs in Dallas and Phoenix, which pushed its office details ⇒

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