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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Ann Arbor, Michigan-based Home Point Capital has revealed that it is shedding most of its jobs in the state after The Loan Store Inc. bought the lender’s wholesale mortgage origination arm. So reports The Detroit News.
Home Point said in an April 11 Worker Adjustment and Retraining Notification letter that it was laying off “approximately 113” workers at three Ann Arbor offices, effective immediately.
Headcount at the lender, which does business as Homepoint, had been 100 in Michigan and 500 overall.
