General World News

Interactive Mortgage to lay off 51 amid heavy losses

California-based mortgage lender WinnPointe Corporation, doing business as Interactive Mortgage, has started a reduction in its workforce of around 180 employees, after suffering more than $1 million dollars in losses.  

The company announced that, in the last 12 months, it laid off 128 employees, including underwriters, loan officers, processors, administrative and funders. However, pink slips will start arriving to more 51 employees by April 7.

WinnPointe sent a Worker Adjustment Retraining Notification (WARN) to the California Employment Development Department in early February disclosing its layoff plans.

“In part due to the economic collapse triggered by the Covid-19 pandemic as details ⇒

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