Silverton Mortgage to Cut 73 Atlanta Jobs as Taylor Morrison Absorbs Lender

Silverton Mortgage will eliminate 73 positions at its Midtown Atlanta office, according to a Worker Adjustment and Retraining Notification filed with the state of Georgia. The separations begin Dec. 31 and run through May, roughly six months of rolling cuts inside one address: Colony Square.

The reason is consolidation, not a shutdown. Silverton, a subsidiary of Vanderbilt Mortgage and Finance, which is owned by Berkshire Hathaway, is folding its operations into homebuilder Taylor Morrison. A spokesperson for Taylor Morrison said the consolidation of lending operations will result in certain positions and services being eliminated. A Silverton spokesperson said the company is committed to supporting the affected workers and offered them resources, treating them with respect.

The deal traces back to July, when Berkshire Hathaway completed its acquisition of Taylor Morrison for about $8.5 billion, including debt. Silverton's absorption is a direct consequence.

What does this change for Atlanta mortgage workers?

Silverton was not a marginal player. Founded in 1998 with two employees, it grew into a national mortgage lender, and Vanderbilt acquired it in 2018. Seventy-three job losses at a single Midtown office tighten a local labor market that already carries risk. It is not yet clear whether Silverton's Colony Square office will close.

The cuts also land in a difficult housing market. Metro Atlanta's regional sales have soared recently, yet affordability keeps eroding. In September, metro Atlanta home listings sat well above year-ago levels across the 12-county region, per the Georgia multiple listing service, while a measure of affordability fell about 7%.

Edward Seiler, an associate vice president of economic and industry research at the Mortgage Bankers Association, said monthly mortgage payments in metro Atlanta are up about 7% compared with a year earlier, capping a stretch of rising costs that started with late-2020s rate increases. He flagged the associated economic challenges facing homebuyers and growth.

What comes next?

The MBA projects higher borrowing costs will push single-family mortgage origination volumes in 2027 below this year's total. For the 73 Silverton employees facing separation between December and May, that forecast means their job search will unfold in a lending sector where volumes, and with them headcount, are still expected to shrink.