Headlines across the nation continue to trumpet the recent slump in the mortgage industry, as thousands of loan professionals now find themselves furloughed for the time being.
Industry giants such as JPMorgan Chase and Loan Depot are planning to slash thousands of jobs, while published reports indicate layoffs have been in the hundreds at Wells Fargo, USAA Federal Savings Bank, and First Guaranty Mortgage Corp. among many others. Better.com, a digital lender based in New York, has already let go more than half of its staff.
