Charlotte’s Wyndham Capital Mortgage lays off a fifth of its staff

Wyndham Capital Mortgage, which is based in Charlotte, North Carolina, recently laid off 78 staff members as part of an effort to "appropriately align" the company’s operations with the current market conditions, according to a report from WBTV. From the WBTV report: The cuts represented 21 percent of its staff.

A national online mortgage lender has given walking papers to a fifth of its staff as it feels the squeeze from rising rates.

Some industry executives have been predicting a correction in mortgage hiring in the coming months, with large layoffs anticipated at shops that have relied too strongly on refis. However, the largest publicly announced layoff of late came last week when Wyndham Capital Mortgage in Charlotte, NC, laid off 78 workers.

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Movement Mortgage, of Indian Land, S.C., said is has laid off about 75 operations workers at its headquarters as well as locations in Arizona and Virginia.

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Glassdoor has 143 Wyndham Capital Mortgage reviews submitted anonymously by Wyndham Capital Mortgage employees. read employee reviews and ratings on Glassdoor to decide if Wyndham Capital Mortgage is right for you.

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"My entire career will be at Wyndham Capital Mortgage". Opportunity to make $120,000-$600,000 a year Management works around my schedule with kids Management encourages Loan Officers to get out of town and enjoy life as much as possible, every quarter= long weekend with the family. New Leads paid by Wyndham, quality opportunities everyday.

Wyndham Capital Mortgage is located in Charlotte, North Carolina. This organization primarily operates in the Mortgage Bankers and loan correspondents business / industry within the Nondepository Credit Institutions sector. This organization has been operating for approximately 18 years.

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