The Dallas-based loan servicing giant’s originations department was mainly affected.
Previously in 2022, Mr. Cooper laid off 250 employees.
Three people involved in an alleged scam resulting in millions of dollars in fraudulent mortgages have been arrested after several months on the run. So reports MarketWatch.
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After a round of layoffs earlier this year, Mr. Cooper has given pink slips to an additional 420 employees, or about 5% of its headcount. So reports The Real Deal.
The Dallas-based loan servicing giant’s originations department was mainly affected.
Previously in 2022, Mr. Cooper laid off 250 employees.