Rocket Mortgage handed pink slips to "roughly 50 employees" last week, a company spokesperson confirmed.
The reduction round comes two weeks after Rocket announced it had cut 20 employees from its marketing team.
"As is common practice in all companies, Rocket regularly looks at the priorities of the business and what roles are needed to achieve those goals," said Aaron Emerson, spokesman for Rocket Mortgage, in a written statement.
He pointed out that the recent reduction is minimal, representing "less than one quarter of one percent of the roles in the company."
"These decisions are never taken lightly, but are only made harder by the over-sensationalization of eager trade media," Emerson said. The Detroit-based megalender would not confirm what teams or roles were impacted by the reduction.
Other recent initiatives by the lender include a
Despite current market hurdles, the lender sees a path forward in capitalizing on purchase business from
The lender's Rocket Money application, formerly known as TrueBill,
"That could literally be a game changer for how a mortgage company does business on the purchase side," Brown said. "So that diversification is a big deal."
In the third quarter the lender