Lender hopes to cut up to $400 million in annual expenses and become profitable by the end of 2022 after rising mortgage rates gut profitable refinancing business.
Source: Inman News
LoanDepot to shed 4,800 workers in 2022 in bid to return to profitability
Published in anthony hsieh, frank martell, Industry News, layoffs, loanDepot, Markets & Economy, Mortgage, Patrick Flanagan, Select and Zeenat Sidi
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