Estimated reading time: 0 minutes, 26 seconds

Guaranteed Rate to Lay Off 348 in Stearns Wholesale Closure

 After Guaranteed Rate opted to shutter Stearns Lending’s third-party wholesale channel, Stearns has divulged plans to lay off 348 employees. So reports Inman.

stearns lendingA Worker Adjustment and Retraining Notification Act notice filed on Jan. 12 with the Texas Workforce Commission noted the closure of “the entire Stearns Lending wholesale division,” with the layoffs occurring on March 13.

In a separate WARN notice, Guaranteed Rate said it would lay off another 93 employees as it closes an operational arm that helps SoFi, which worked with Stearns.

Read the full article from Inman.

Read 1819 times
Rate this item
(0 votes)

FOLLOW US