Top 10 lender and servicer Freedom Mortgage has trimmed its workforce across multiple rounds of layoffs this year and continues to “offshore” some jobs, former employees tell HousingWire.
In response to falling origination volume, the New Jersey-based mortgage company has conducted at least four rounds of layoffs this year – in March, May and August, multiple sources told HousingWire. Eliminated positions included loan officers, closers, underwriters and client advocates, according to six former employees. (The former employees requested anonymity because they believe speaking publicly would jeopardize their future job prospects.)
Privately held Freedom Mortgage did not respond to requests for comment about details ⇒
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