The company said the cuts would result in a projected $20 million charge for its fourth quarter.
LinkedIn shows Mr. Cooper now has a headcount of roughly 4,800 people.
This article discusses the implications of interest rate fluctuations on mortgage originators and suggests strategies for adapting, including diversifying loan pipelines and leveraging technology.
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Mr. Cooper said it is laying off about 800 people as it restructures its originations business. So reports Dow Jones Newswires.
The company said the cuts would result in a projected $20 million charge for its fourth quarter.
LinkedIn shows Mr. Cooper now has a headcount of roughly 4,800 people.