Homebridge, a national retail mortgage banking firm, is set to lay off employees across the country following its acquisition by CMG Financial. The move comes as CMG continues to consolidate its operations and workforce following its own acquisition by Stearns Holdings in late 2018.
While the full extent of the layoffs is not yet known, they are expected to be across all levels of the company and in all 50 states. Homebridge has over 2,000 employees nationwide.
This is the latest in a series of acquisitions and layoffs in the mortgage industry over the past few years. As the industry continues to consolidate, many companies have been forced to downsize their operations.
You can read this full article at: https://www.housingwire.com/articles/homebridge-to-lay-off-employees-following-deal-with-cmg/(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.
