Charlotte, North Carolina-based Real Genius, an online retail mortgage originator, has announced a restructuring of its mortgage operations and a reduction in force in response to market conditions.
The reduction in force will impact 74 home-based remote workers, including those in operations support, closing, underwriting, processing, and sales. Separations will occur between July 15, 2022, and August 15, 2022.
In a company filing with the Securities and Exchange Commission the company noted, "it was discontinuing Real Genius, an online platform, as part of a larger restructuring in its mortgage segment. Real Genius is one of two channels in the segment. That channel comprised about 51% of sales volume in the first quarter, compared to 53% a year ago. FirstBank said it will continue its traditional consumer retail channel and keep mortgage servicing rights."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?