Ohio-based mortgage lender Lower imposed a round of layoffs last week due to market conditions, affecting 6% of its workforce, according to a spokesperson for the company.

“We’ve right-sized areas of our business impacted the most by this volatile market, such as refinance, operations, training, and recruiting,” Lindsey LeBerth, the company’s director of communications, wrote in an email to HousingWire. “In addition, we’ve restructured some sales positions to further tighten our focus on a purchase-centric strategy.”

With the job cuts, Lower has now 1,200 workers across all its businesses, including retail, mortgage as a service, wholesale and its details ⇒

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