Side debuts profit-sharing program, lays off staff members
PartnerUp Revenue Share will give agents a cut of Side's profit if they refer and mentor other agents. The program was one of several announcements the company made Monday
by Jim Dalrymple II Sep 23
Redfin lays off nearly 100 Redfin Concierge service employees
Seattle-based brokerage and portal Redfin laid off almost 100 Redfin Concierge support and sales managers on Thursday. The company said agents will now take the lead on Concierge services
by Marian McPherson Aug 22
Offerpad confirms layoffs after ‘restructuring’ amid down market
The iBuyer declined to confirm how many employees have been let go. Recent SEC filings show widespread cuts compared to a year earlier
by Taylor Anderson Aug 9
Eyeing next refi boom, lenders plan to maintain or grow payrolls
Lending industry leaders surveyed by Fannie Mae see the lack of housing supply as the biggest risk factor in 2024, but most expect refinancing to pick up next year if rates continue to fall
by Matt Carter Jul 22
3rd round of layoffs at Newrez brings 2024 job cuts to 750
After cutting nearly 500 jobs following Computershare acquisition, lender to eliminate another 277 positions in August, including senior executives in Colorado, Arizona and Florida
by Matt Carter Jul 9
Mortgage rates have more room to fall on 2 new economic reports
Key Fed inflation metric expected to drop June 28 following unexpected decline in May wholesale prices and jump in weekly jobless claims to 242K workers, highest level since August 2023
by Matt Carter Jun 13
Newrez laying off nearly 500 workers after Rithm acquisitions
Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4B in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending
by Matt Carter Jun 11
Marc King steps down as president of Keller Williams
After 3 years as president of Keller Williams, Marc King has stepped down from his post. CEO Mark Willis will take over King's responsibilities
by Marian McPherson Mar 11
Wholesaler Crescent Mortgage closing up shop at end of March
Sixty-five employees are slated to lose jobs when the Atlanta-based lender, licensed in 48 states, ceases operations on March 29, the company confirmed in a WARN Act filing with Georgia officials
by Matt Carter Feb 2
Loan subservicer Dovenmuehle Mortgage laying off 212 workers
Illinois-based Dovenmuehle, which collects monthly payments from homeowners in all 50 states on behalf of lenders and investors, is trimming staff at Lake Zurich HQ but not closing down
by Matt Carter Dec 22
Flyhomes announces 3rd round of layoffs since 2022
The Seattle-based brokerage and mortgage lender announced another round of layoffs on Friday. Flyhomes had layoffs in July and November 2022, with one round impacting 20% of its workforce
by Marian McPherson Dec 19
Industry headwinds push Plunk in new direction
Plunk President and co-founder David Bluhm said a number of issues led to the decision, which included 3 employees leaving due to salary cuts and the possibility of more
by Craig C. Rowe Dec 14
After downsizing, Better says it has cash to weather $340M Q3 net loss
A $565M influx of cash from an August SPAC merger and a $1B reduction in annual expenses puts Better on a footing to navigate a challenging market, executives say on first earnings call
by Matt Carter Nov 14
LoanDepot warns more layoffs are coming — but on a smaller scale
With headwinds in sight for 2024, loanDepot plans to slash $120M in annual expenses following 3 consecutive quarters of cuts, CEO Frank Martell said during a Q3 earnings call Tuesday afternoon
by Matt Carter Nov 8
The activity with best ROI? It's old-school networking, Intel poll shows
Agents are doubling down on networking to drive business in tough times, according to results from the Inman Intel Index, excerpts of which are available to Select subscribers for the first time
by Lillian Dickerson Oct 25