The decision to close the NEO Home Loans division aligns with Luminate's long-term strategy to integrate mortgage lending into its core banking services, enhancing client relationships.
Luminate's closure of the NEO division is a strategic move to streamline operations and focus on providing outstanding service while expanding its national footprint.
The NEO Home Loans division will begin its closure by the end of February 2025, with affected employees being offered transitions to other roles within Luminate.
With over 500 loan originators and 84 branches, Luminate is committed to offering financial solutions across 49 states, demonstrating a strong emphasis on growth.
#mortgage-lending #business-strategy #corporate-restructuring #employee-transition #financial-services
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