Source: News 5 Cleveland —
STRONGSVILLE, Ohio — Strongsville-based Union Home Mortgage has announced an unspecified number of layoffs this week, joining the roster of other large mortgage lenders in recent days that have reduced their workforces amid declining volume in new applications for mortgages and refinances.
Cindy Flynn, the chief marketing and communications officer at Union Home Mortgage, said the company is “temporary adjusting [its] staffing levels” amid the quickly shifting residential housing market, which is due in large part to a historically low number of homes for sale, inflation as well as increasing interest rates. It is unclear how many staffers were let go; the company has not filed a WARN notice with the Ohio Department of Jobs and Family Services.
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