The company, back in December 2021, faced backlash after it laid off 900 employees on a Zoom call. Since, profits have fallen as"When the deal was priced in 2021, rates were at record lows.
We believe that when interest rates normalize, our technology powered by Tinman will drive long-term growth and create shareholder value," Garg added. "With $560M in additional capital, we are one of the five most well-funded mortgage lenders in the industry."
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