Summit Funding, Inc. Lays Off Dozens Following CrossCountry Acquisition
SOURCENews reportView the filing ↗
What we know
Based on news reporting.
Summary
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.
Summit Funding, Inc. cut 36 jobs as of March 26, 2026.
That is roughly 2.4% of the 1,500 people Summit Funding, Inc. employs.
LayoffTalk has tracked 3 layoff events at Summit Funding, Inc. since November 2022, including 235 jobs documented in official WARN filings, with 1 additional event known from news reporting.
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