General World News

North American Savings Bank to shut down consumer direct division 

Kansas City, Missouri-based North American Savings Bank (NASB) will shut down its consumer direct mortgage division and lay off employees, business partners and former employees told HousingWire. The changes will be effective on March 7. 

The mortgage lender announced the decision to employees on Friday, citing market conditions. Shortly after, employees, including closers, processors and loan consultants, began posting about the layoffs on social media. 

“Unfortunately, my entire department was let go on Friday, 1/6,” a former loan processor at NASB wrote on a social media post. “As we all know, the mortgage industry is tough at the details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com