General World News

How a small lender is navigating the turbulent market

Delray Beach, Florida-based mortgage lender ResMac, Inc., like many others, has trimmed its workforce so its cost structure is in line with reduced origination volume. The company is focused on expanding beyond residential loans amid a price war and surging rates. To grow in the coming years, it seeks to raise capital.

It’s all part of a strategy to not only survive the most challenging mortgage market in decades, but to come out of it stronger. 

ResMac cut 10 staff members across two layoff rounds this year, the second of which occurred on Friday afternoon, affecting mainly the wholesale channel and details ⇒

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