Job Cuts

Mr. Cooper is leaving the wholesale mortgage business. The Dallas-based lending giant said Wednesday it “made the decision to cease its wholesale lending operations, a segment of the business we entered as part of the Pacific Union Financial, LLC acquisition.” The company said the challenges presented by the pandemic were “not the driving force” in the decision and that the wholesale business accounted for less than 5 percent of its total originations volume. The change will lead to some job cuts, the company said. “As the market has evolved, we’ve increased our focus on our current customers and continue to prioritize investments in their experience to create customers for life,” the company said in a statement. “Additionally, we will continue…