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Home » Topics » IMFnews » Personnel

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As Production Skids, Underwriter Costs ‘Correct’

July 19, 2022
Paul Muolo
Loan underwriter salaries have dropped significantly from their refi peaks...
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How Bad Might the Mortgage Layoff Picture Get?

July 18, 2022
Paul Muolo

In less than a year, Better has reduced its headcount by 72%...


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State Regulators Set Work-From-Home Best Practices

July 15, 2022
Brandon Ivey
Individual states have the ability to allow or deny lenders the option of having LOs work from home...
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Better.com the Subject of an SEC Inquiry, Fintech Posted Large Loss in 1Q22

July 14, 2022
Paul Muolo and Brandon Ivey
The fintech was sanctioned by Washington state for licensing and other violations...
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As the Cost-Reduction Hatchet Swings, Another Mortgage CEO Vows No Layoffs

July 13, 2022
Paul Muolo
CEO Cal Haupt says his employees are family, "Not the media version stated by others."
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Former FHFA Director Calabria in Boardland

July 11, 2022
Dennis Hollier

Evolve must have been a big fan of of Calabria's. In its press statement announcing the hire, it referred to him as an "industry legend."


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Short Takes: Is Help on the Way? (Lending Margins) / Some Evidence / Expectations of Wells / Staff Reductions, Finding Positions / Lower FHA Premiums?

July 11, 2022
Paul Muolo
Wells Fargo said roughly 35% of the mortgage workers it cut are "moving into other roles" within the bank...
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A Carnage in Mortgage Employment: 5,000 Jobs Disappear in a Month

July 8, 2022
Paul Muolo
Over the past few months, scores of originators have introduced reductions-in-force in an effort to rightsize their operations...
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Non-QM Lender Sprout Closes Its Doors

July 7, 2022
Paul Muolo
Sprout officials could not be reached for comment...
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MBA Sees Progress in Loan Officer Remote Work Legislation

July 6, 2022
Sam Manas
However, as MBA points out, it can sometimes take longer to get things done in California...
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