General World News

New Residential makes another round of layoffs

Lender and servicer New Residential Investment Corp. laid off originations staffers last week, sources told HousingWire. The lender has made several rounds of cuts since February.

Employees in processing, underwriting, and closing jobs were the main targets in the last week’s layoff round, according to multiple interviews with former employees. 

The latest layoff affected employees in both junior and senior roles. The company is paying two weeks of severance per year of service, a former employee said. 

New Residential, the parent company of NewRez and Caliber Home Loans, declined to comment about the layoffs.

“It came unexpectedly,” said a former details ⇒

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