Mortgage operation to lay off about 75 employees from Charlotte office

CHARLOTTE — Layoffs in the mortgage industry are once again affecting Charlotte. Real Genius, part of Nashville, Tennessee-based FirstBank, is laying off about 74 employees from its office at 500 E. Morehead St., the company said in a recent Worker Adjustment and Retraining Notification.

The layoffs are effective between July 15 and Aug. 15, with salary and benefits continuing through July 15. Employees were notified as of May 13, according to the WARN. They are home-based, but all residing in North Carolina.

A rising interest-rate environment, coming off of the pandemic-era refinance boom, is leading to widespread layoffs in the mortgage industry. Local employees at multiple companies are feeling the effects.

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