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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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With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.

33%

No. It’s still difficult compliance/regulatory-wise.

20%

Maybe. It’s under consideration.

33%

Not now. But things could change as 2018 progresses.

13%