Pennymac has eliminated select lending and fulfillment roles as the company prepares for its earnings report. This decision comes amid a challenging mortgage sector influenced by sustained high interest rates. Affected employees have indicated that roles such as loan consultants and managers were impacted. The company is providing severance support to those affected by the layoffs. This follows a similar move last month where Pennymac closed an office in Tennessee.
Westlake Village, California
https://www.housingwire.com/articles/pennymac-layoffs-ahead-earnings/