A look at Knock's reversed pay cut decision and LO layoffs
Over the last several weeks we’ve seen layoffs of mortgage loan officers and other staff at Freedom Mortgage and Interfirst Mortgage, as well as a complete PR nightmare that resulted from Better.com laying off 900 staff members on a Zoom call.
This week, Senior Mortgage Reporter Matthew Blake wrote about how Knock, a power buyer, announced it was going to cut LO salaries on Tuesday, then reversed course after hearing from its staff. On this episode of HousingWire Daily Editor in Chief Sarah Wheeler interviews Blake about his reporting on the Knock story and what it might mean in the context of a quickly changing home-buying landscape.
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