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February 20, 2014

Genpact Cuts 81 in Irvine Mortgage Office

By Paul Muolo

Genpact is the latest mortgage vendor to trim staff. At least 81 were let go in its Irvine location.

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Poll

With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.

Do you think your shop will loosen standards over the coming three months?

Yes, but not by much.
Yes, by a lot.
Yes and, heck, we may even do non-QM lending.
No, not at all.
No and we may even tighten credit.

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