First Savings Bank, an Indiana-based organization, is making deep cuts to its mortgage department workforce. According to documents filed with regulators, the organization intends to lay off over 100 mortgage employees in the near future.
The documents reveal that First Savings Bank will be significantly downsizing its mortgage operations and workforce. This downsizing is expected to have a wide-ranging effect on mortgage employees, including administrative staff, loan officers, processors, marketers, and underwriters. Assessment of the potential impacts of the lay-offs is ongoing, and the bank is committed to helping affected employees with any transition-related needs.
• First Savings Bank, an Indiana-based organization, plans to lay off over 100 mortgage employees in the near future
• Documents filed with regulators detail the organization’s intended cuts
• Cuts encompass a range of mortgage employees, such as administrative staff, loan officers, processors, marketers, and underwriters
• Bank is assessing the impacts of the lay-offs and working to support transition-related needs for affected employees
You can read this full article at: https://www.housingwire.com/articles/first-savings-bank-to-cut-100-plus-mortgage-jobs-in-multiple-states/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.