![]() ![]() Multiple former employees said the cuts at Freedom led to loan closer and underwriter positions being transferred to India, with U.S.-based Freedom employees reviewing work done by international workers. Erik Anderson, president and CEO of Archwell did not immediately respond to a request for comment. Moder, founded in December 2020, has a presence in India and the Philippines and plans on opening an operation center in Central America this year, according to its website. The lender has a contract with Moder, the business outsourcing arm of Archwell Holdings, sources said. Privately held Freedom Mortgage did not respond to requests for comment about the layoffs, which sources said primarily affected the wholesale division.įreedom, like most top lenders and servicers, has long offshored a portion of its operations, hiring staff overseas to work mortgage files at lower costs. (The former employees requested anonymity because they believe speaking publicly would jeopardize their future job prospects.) Eliminated positions included loan officers, closers, underwriters and client advocates, according to six former employees. In response to falling origination volume, the New Jersey-based mortgage company has conducted at least four rounds of layoffs this year – in March, May and August, multiple sources told HousingWire. For more information, please visit 10 lender and servicer Freedom Mortgage has trimmed its workforce across multiple rounds of layoffs this year and continues to “offshore” some jobs, former employees tell HousingWire. Freedom Mortgage's mission is to foster homeownership for all consumers across America. 5000 Honor Roll for the eighth time as one of the fastest-growing companies across the country. Last year, the company made it back on the Inc. Earlier this year, Freedom Mortgage was honored for the third year in a row as a Top Workplaces USA. The company is also renowned for its vibrant work environment where all team members can thrive. (Inside Mortgage Finance, Jan- June 2022), and one of the mortgage industry's largest philanthropic supporters of the USO of Pennsylvania and New Jersey. Freedom Mortgage is a top VA and FHA (government-insured) lender in the U.S. One of the nation's largest non-bank mortgage lenders/servicers, the company is licensed in all 50 states, the District of Columbia, Puerto Rico, and the U.S. įounded in 1990 and headquartered in Boca Raton, Florida, Freedom Mortgage is an independent mortgage company that provides mortgage loans through retail, wholesale, and correspondent channels. ![]() To learn more about Freedom Cares philanthropic efforts, please visit. To join the company, please visit the careers page: /jobs/. For more information about Freedom Mortgage, please visit. One of the nation's largest independent mortgage companies, Freedom Mortgage is committed to fostering homeownership and financial betterment across the country. The company also donated more than $600,000 last year and saw its highest employee volunteer engagement with nearly 2,000 hours spent bettering local communities. Despite challenges faced by the mortgage industry, the company services the mortgages of nearly two million homeowners, representing over $452 billion in loans. Middleman credited Freedom Mortgage employees for the company's continued success. Top Workplaces do this, and it pays dividends." In today's market, leaders must ensure they're allowing employees to have a voice and be heard. ![]() We will continue to do our best to support our employees and provide opportunities for them to grow within Freedom Mortgage."Įric Rubino, Energage CEO, said, "Earning a Top Workplaces award is a badge of honor for companies, especially because it comes authentically from their employees. "To have our employees endorse Freedom Mortgage as a great place for financial services professionals to work means a great deal. Middleman, Freedom Mortgage president and CEO. "We are honored to be recognized, again, as a Top Workplaces in the financial services industry," said Stanley C. This year, Top Workplaces named 1,079 winners in seven industries: Construction, Distribution, Financial Services, Healthcare, Manufacturing, Nonprofit and Technology. The employer recognition program celebrates organizations that scored at or above the Top Workplaces benchmark. This is the second time Freedom Mortgage has been honored with the Top Workplaces Industry Award since its inaugural launch in 2021. 2023 Freedom Mortgage logo (PRNewsfoto/Freedom Mortgage Corporation) ![]()
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