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Summit Funding, Inc. has laid off approximately 36 employees as a result of its recent acquisition of CrossCountry Mortgage. This decision comes amid a strategic shift following the merger, which aims to streamline operations and integrate the two companies. The layoffs reflect the challenges faced in the current mortgage market, where companies are adjusting their workforce to maintain competitiveness. Summit Funding's management has indicated that these cuts are part of a broader effort to enhance efficiency and align resources effectively. The company continues to navigate the complexities of the mortgage industry while focusing on future growth opportunities.
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