Well over a hundred mortgage jobs are being eliminated by Stearns Lending LLC. The impacted employees are located in the Golden State.
Data provided last year by the
Santa Ana, California-based mortgage banking firm indicated national staffing exceeded 2,000 people.
Headcount had more than doubled from five years earlier, when Stearns Lending employed fewer than a thousand people.
But the home lender’s payroll is getting lighter.
Three filings made on Sept. 21 with the
California Economic Development Department as required by the Worker Adjustment and Retraining Notification Act indicate that 165 employees are being let go.
One of the WARN filing indicates that six employees were laid off on Sept. 21 in Rohnert Park.
A second notice said that another 47 jobs are being cut on Nov. 20 in Costa Mesa.
The third
filing noted that 112 positions are being eliminated also on Nov. 20 in Santa Ana.
