Blend is cutting 10% of its workforce
Blend is cutting 10% of its workforce
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“We’re operating the company prudently as if the mortgage industry origination volumes will remain at or near historic low levels through 2025,” Nima Ghamsari, Blend’s co-founder and CEO, said Monday.
The post Blend takes a $478M loss, cuts 25% of its workforce appeared first on HousingWire.
“We’re operating the company prudently as if the mortgage industry origination volumes will remain at or near historic low levels through 2025,” Nima Ghamsari, Blend’s co-founder and CEO, said Monday.
The post Blend takes a $478M loss, cuts 25% of its workforce appeared first on HousingWire.
Publicly traded mortgage tech company Blend Labs laid off 10% of its workforce amid major headwinds in the mortgage industry.
The post Blend lays off 200 workers as mortgage industry sputters appeared first on HousingWire.
Publicly traded mortgage tech company Blend Labs laid off 10% of its workforce amid major headwinds in the mortgage industry.
The post Blend lays off 200 workers as mortgage industry sputters appeared first on HousingWire.
Lending fintech Tomo Networks cut nearly a third of its workforce Tuesday and will dial back its expansion plans, the company confirmed Wednesday.The Stamford, Connecticut-based firm laid off 44 employees ahead of a bumpy economic cycle, it said in a statement. It’s the latest mortgage fintech to undertake layoffs and the most recent lender to cite rising interest rates and reduced volume for downsizing.“While we explicitly don't offer refinance mortgages because of the risky boom and bust ...
Lending fintech Tomo Networks cut nearly a third of its workforce Tuesday and will dial back its expansion plans, the company confirmed Wednesday.The Stamford, Connecticut-based firm laid off 44 employees ahead of a bumpy economic cycle, it said in a statement. It’s the latest mortgage fintech to undertake layoffs and the most recent lender to cite rising interest rates and reduced volume for downsizing.“While we explicitly don't offer refinance mortgages because of the risky boom and bust ...
Notarize CEO, Pat Kinsel publicly announced that his firm had laid off 25% of its workforce (110 employees) in a Twitter thread on Wednesday. This is the second time the 7-year-old, Boston-based remote online notarization (RON) firm has undergone layoffs. In 2019, Notarize was forced to undergo layoffs after financing fell through. “We are exceptionally […]
The post Notarize lays off 25% of its workforce appeared first on HousingWire.
Notarize CEO, Pat Kinsel publicly announced that his firm had laid off 25% of its workforce (110 employees) in a Twitter thread on Wednesday. This is the second time the 7-year-old, Boston-based remote online notarization (RON) firm has undergone layoffs. In 2019, Notarize was forced to undergo layoffs after financing fell through. “We are exceptionally […]
The post Notarize lays off 25% of its workforce appeared first on HousingWire.
Boston-based Notarize, a provider of online notarization software, laid off 110 workers, or approximately 25% of its payroll Wednesday, making it the latest fintech to make cuts this year. The layoffs impacted staff from junior to senior employees in nearly every department and left the company with 325 workers, a spokesperson confirmed Thursday. Notarize made the move in a shift to grow revenue from existing partnerships rather than customer and partner acquisition, as well as a response to e...
Boston-based Notarize, a provider of online notarization software, laid off 110 workers, or approximately 25% of its payroll Wednesday, making it the latest fintech to make cuts this year. The layoffs impacted staff from junior to senior employees in nearly every department and left the company with 325 workers, a spokesperson confirmed Thursday. Notarize made the move in a shift to grow revenue from existing partnerships rather than customer and partner acquisition, as well as a response to e...
By Kyla Stewart Looking back, it's hard to believe that cars have only existed for the past 130 years, with consumer adoption taking place during the past century. Since then, motor vehicles have constantly been evolving, with innovators finding creative solutions to problems before they occur. Connected vehicle technology is one of the most recent innovations disrupting how we drive. Here's what you need to know about connected vehicle technology and the benefits it offers to drivers and man...
By Kyla Stewart Looking back, it's hard to believe that cars have only existed for the past 130 years, with consumer adoption taking place during the past century. Since then, motor vehicles have constantly been evolving, with innovators finding creative solutions to problems before they occur. Connected vehicle technology is one of the most recent innovations disrupting how we drive. Here's what you need to know about connected vehicle technology and the benefits it offers to drivers and man...
Tech and construction have always had an uneasy relationship, partly because they don't understand each other very well.
Tech and construction have always had an uneasy relationship, partly because they don't understand each other very well.
The Federal Housing Finance Agency is creating the Office of Financial Technology to serve as a centralized source of information to address emerging risks related to adoption and deployment of new digital tools."When used responsibly, fintech has the potential to improve borrowers' experiences with the mortgage process by reducing barriers, increasing efficiencies, and lowering costs," said Director Sandra Thompson in a press release. "The new office will help advance effective risk management...
The Federal Housing Finance Agency is creating the Office of Financial Technology to serve as a centralized source of information to address emerging risks related to adoption and deployment of new digital tools."When used responsibly, fintech has the potential to improve borrowers' experiences with the mortgage process by reducing barriers, increasing efficiencies, and lowering costs," said Director Sandra Thompson in a press release. "The new office will help advance effective risk management...
In a rising rate environment with mortgage production volume falling rapidly, 54% of mortgage lenders say cost-cutting is their biggest priority right now.
The post Cost cutting is the top priority for mortgage lenders appeared first on HousingWire.
In a rising rate environment with mortgage production volume falling rapidly, 54% of mortgage lenders say cost-cutting is their biggest priority right now.
The post Cost cutting is the top priority for mortgage lenders appeared first on HousingWire.