AM I NEXT? NO LOVE AT COUNTRY CLUB MORTGAGE

Visalia, California-based Country Club Mortgage, a residential mortgage, underwriting, and loan processing company, has announced facility closures and a mass layoff.

The layoffs target 105 California staffers in Visalia (69 in total), Fresno (24), Hanford (3), Exeter (3), and Selma (6), including underwriters, processors, disclosure and document specialists, and the company's management– the president and CEO, the finance manager and the credit risk officer.

It is unclear if Vero Mortgage, a division of Country Club Mortgag, is also involved.

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. We see good people being laid off through no fault of their own. 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?

AM I NEXT? NO LOVE AT REALFI HOME FUNDING CORP

White Plains, New York-based RealFi Home Funding Corp, a technology-driven residential mortgage originator, reportedly has executed a mass reduction in force and stiffed its employees as it struggles with legal problems, reduced origination volumes, high interest rates, and problems with its wholesale credit lines.

Employees received an email on December 28, 2023, from Chief Operating Officer Jodi Mosiello, noting that RealFi was unable to honor its commitment to pay the owed salaries due to unprecedented circumstances. “Unfortunately, at the present time, RealFi does not have the funds to pay the monies owed to its employees. As money comes in during the restructuring, it is RealFi’s intention to make all employees whole.”

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. We see good people being laid off through no fault of their own. 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?

AM I NEXT? NO LOVE AT DOVENMUEHLE MORTGAGE

Lake Zurich, Illinois-based Dovenmuehle Mortgage, a sub-servicing company for commercial banks, credit unions, independent mortgage lenders, MSR investors, and state housing finance agencies nationwide, has announced a reduction in force.

The reduction in force will impact 212 employees in the Lake Zurich office, commencing on February 16, 2024. Positions being eliminated include six supervisors, four assistant managers, four project managers, and dozens of employees in operations, including 34 customer service representatives (six of whom are bilingual), 14 loss mitigation specialists, 10 clerical support workers, and nine client advocates.

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. We see good people being laid off through no fault of their own. 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?