General World News

LOs, senior managers among the 300+ cut in latest Caliber layoff

Caliber Home Loans, owned by publicly-traded Rithm Capital, issued pink slips to at least 300 employees earlier this week as soaring mortgage rates thin out already-declining origination volume. The lender has made at least four rounds of layoffs this year, multiple sources told HousingWire. 

An internal document viewed by HousingWire details which jobs were eliminated as part of the reduction in force on Tuesday. It shows that several management positions were eliminated, including assistant vice presidents of divisional operations and underwriting, as well as two AVPs of regional operations and four AVP underwriting details ⇒

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