Texana Bank is set to make cuts to its California team—but at least the mortgage company is providing lead time heading into the layoffs.
According to Housing Wire, some 58 loan officers, underwriters, processors, post-closing and secondary market staff will be laid off effective Sept. 5. All but one of the cuts is expected to hit the lender’s Irvine office.
The workforce reduction reaches junior positions and vice-presidents, and will also reportedly include employees on the technology, marketing and human resources teams.