Exploring recent trends in digital originations for mortgage lenders, highlighting the role of fintech and AI in reshaping the lending process.
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Angel Oak, Lower.com and Keller Mortgage have joined the ranks of mortgage lenders cutting staff at a time when interest rates are at a 15-year high. So reports Bloomberg.
A spokesperson said that retail lender Angel Oak Home Loans shed 57 jobs, or 15% of headcount, while wholesale lending affiliate Angel Oak Mortgage Solutions let go 75 people, or 20%.
Lower.com laid off about 6% of its employees. It wasn’t immediately clear how many people at Keller Williams’ mortgage unit lost their jobs.
