General World News

New American Funding eliminates hundreds of jobs

New American Funding has laid off hundreds of employees across multiple rounds of workforce reductions this year, multiple former employees told HousingWire.

The most recent layoff came on Tuesday when the California-based lender eliminated several hundred positions, including loan officers, mortgage underwriters, processors and training specialists, multiple former employees said. The firm had 4,800 employees as of July 2021, and hired more than 1,190 workers in the first seven months of last year, New American said in a release at the time.

No Worker Adjustment and Retraining Notification (WARN) notices were submitted to California’s Employment Development Department details ⇒

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