CashCall Files for Job CutsTuesday, October 22, 2013
Anaheim-based mortgage lender CashCall Inc. has indicated it could lay off as many as 769 workers in coming weeks.
A filing by CashCall with the state Employment Development Department indicated the company could lay off 486 employees in Anaheim and 283 in Orange by December.
The company said there remains a chance the job cuts could be avoided, based on market conditions.
CashCall, founded by J. Paul Reddam in the early 2000s, is among the largest mortgage lenders nationwide. It funded about $10 billion in mortgages in 2012. It had 1,700 employees as of June, with 1,400 in OC.