MediterraneanGrocery Wholesalers in Dallas, TX

Mediterranean Grocery Wholesalers Mobile Number770-795-9026

Free Estimate

We promise a 100% satisfaction guarantee

The Largest Selection of Wholesale Mediterranean and Middle Eastern Products in Dallas

When it comes to trying new, exciting cuisine, few foods hit the spot like a deliciously fresh Mediterranean meal. However, we know that it can be very difficult to find authentic Mediterranean grocery wholesalers in Dallas, TX. Having lived in metro Atlanta for years, we realized that our customers needed an easy way to find quality wholesale Middle Eastern and Mediterranean food in bulk. That is why we created Nazareth Grocery Mediterranean Market - to give everyone a chance to enjoy tasty, healthy food, desserts, and authentic Mediterranean gifts at wholesale prices.

Founded in 2009, Nazareth Grocery has become one of Dallas's leading international wholesale grocery stores. We are very proud to serve our customers and do everything in our power to give them the largest selection of high-quality wholesale goods available.

If you're looking for the freshest, most delicious Middle Eastern wholesale products and ingredients, you will find them here at the best prices in the state. We encourage you to swing by our store in Marietta to see our selection for yourself. We think that you will be impressed!

The Nazareth Difference

At Nazareth Grocery Mediterranean Market, our mission is simple: bring you and your family the largest selection of wholesale Mediterranean products in Dallas. When coupled with our helpful, friendly staff and authentic Middle Eastern atmosphere, it's easy to see why we are the top Middle Eastern grocery wholesaler in Dallas, TX. We're proud to carry just about every kind of Mediterranean and Middle Eastern product that you can think of, from prepared meals and hookahs to fine seasonings and sweets. We're here for our customers and want each one of them to have a unique, one-of-a-kind experience when they shop with us.

Our loyal customers love our selection of the following wholesale foods and gifts:

  • Fresh Breads
  • OlivesOlives
  • HummusHummus
  • CheesesCheeses
  • SaucesSauces
  • Savory-FoodsSavory Foods
  • DessertsDesserts
  • DrinksDrinks
  • HookahsHookahs
  • TobaccoTobacco
  • SaucesGifts
  • Much More!Much More!

Our Service Areas

Most Popular Wholesale Mediterranean Foods

There is so much more to Mediterranean food than pizza and pasta. The perfect climate combined with delicious foods and amazing wine makes the Mediterranean incredibly irresistible. That's why our customers absolutely love to buy this kind of cuisine in bulk. Every country in this region has its own set of specialties and delicacies, each with its own flavors and styles of preparation.

Mediterranean countries include:

  • France
  • Greece
  • Italy
  • Turkey
  • Syria
  • Egypt
  • Israel
  • Libya
  • Morocco
  • Tunisia
  • Spain
Mediterranean Grocery Dallas, TX

So, when it comes to the most popular wholesale Mediterranean products in Dallas,
what are we talking about?

 Mediterranean Supermarkets Dallas, TX

Feta Cheese

Feta cheese is a classic Mediterranean dairy product that is often enjoyed on its own, in Greek salads, on bread, or mixed with zucchini. Depending on where the feta is sourced and produced, the cheese can be made from cow, sheep, or goat milk, or even a combination of the three. Regardless of the animal it comes from, this delicious cheese is a crowd favorite.

 Mediterranean Grocery Store Dallas, TX

Baba Ganoush

This Levantine dish is one of the most well-known Mediterranean dishes to eat in the United States. It typically comes in the form of a dip, served with pita or another kind of dipping bread. Commonly served before dinner as an appetizer of sorts, it usually features tahini, eggplant, garlic, spices, and sometimes yogurt. This tasty cuisine works great as a spread on a sandwich, or you can even eat it with a spoon, all on its own.

 Middle Eastern Grocery Dallas, TX

Baklava

If you have never tried authentic baklava before, get ready to have your mind blown. This dessert is a traditional Mediterranean food that will have your taste buds craving more and more. Once you open a box of baklava from our Mediterranean grocery wholesaler in Dallas, TX, you won't want to stop eating! Baklava is made with layers of thin filo dough, which is layered together, filled with chopped nuts (think pistachios), and sealed with honey or syrup. Baklava is so good that its origins are debated, leaving many wondering which country invented the dessert. Everyone from the Turks to the Greeks and even Middle Easterners hold unique takes on baklava. Try each one to discover your favorite!

Most Popular Wholesale Middle Eastern Foods

Fresh, healthy, aromatic, rich: it's no wonder that the popularity of Middle Eastern cuisine and products has skyrocketed in the United States. This genre of cuisine features a large variety of foods, from Halvah to Labneh. If there were one common theme throughout all Middle Eastern food, it would be the bright, vibrant herbs and spices that are used. These flavorings help create rich, complex flavors that foodies fawn over. Typically, Middle Eastern food is piled high for all to eat, with enough food for an entire republic to put down.

 Mediterranean Food Stores Dallas, TX

Tabbouleh

This refreshing, healthy dish is chock-full of greens, herbs, tomatoes, and bulgur (or cracked wheat), creating a memorable, bold flavor. This dish may be eaten on its own or paired with a shawarma sandwich or helping of falafel. It's best to buy your ingredients in bulk to make this dish because it tastes best freshly made with family around to enjoy. Just be sure to bring a toothpick to the tabbouleh party - you're almost certain to have some leafy greens stuck in your teeth after eating.

 Middle Eastern Market Dallas, TX

Shawarma

We mentioned shawarma above, and for good reason - this dish is enjoyed by men and women around the world, and of course, right here in the U.S. Except for falafel, this might be the most popular Middle Eastern food item in history. Shawarma is kind of like a Greek gyro, with slow-roasted meat stuffed in laffa with veggies and sauce. The blend of spices and the smoky meat mix together to create a tangy, meaty flavor that you will want to keep eating for hours. For western-style shawarma, try using beef or chicken. For a more traditional meal, try using lamb from our Middle Eastern grocery distributor in Dallas, TX.

 Greek Grocery Store Dallas, TX

Hummus

Traditionally used as a dip meant for fresh pita, hummus is a combo of chickpeas, garlic, and tahini, blended together until silky, smooth, and creamy. You can find hummus in just about any appetizer section of a Middle Eastern restaurant menu. That's because it's considered a staple of Middle Eastern food that can be enjoyed by itself, as a spread, or with fresh-baked pita bread. Hummus is also very healthy, making it a no-brainer purchase from our grocery store.

Benefits of Eating a Mediterranean Diet

If there's one diet that is most well-known for its health benefits, it has got to be the Mediterranean diet. In 2019, U.S. News & World Report listed the Mediterranean diet as No. 1 on its best over diet list. This incredible diet has been cited to help with weight loss, brain health, heart health, diabetes prevention, and cancer prevention.

Whether you already love Mediterranean food or you're looking to make some positive changes in your life, this "diet" is for you. Eating cuisine like Greek food, Persian food, Turkish food, and Italian food is healthy and tastes great. Even better than that? At Nazareth Wholesale Grocery, we have many staples of the Mediterranean diet for sale in bulk so that you can stock up on your favorites at the best prices around.

So, what exactly is the Mediterranean diet?

It is a way of eating that incorporates traditional Greek, Italian, and other Mediterranean cultures' foods. These foods are often plant-based and make up the foundation of the diet, along with olive oil. Fish, seafood, dairy, and poultry are also included in moderation. Red meat and sweets are only eaten in moderation, not in abundance. Mediterranean food includes many forms of nuts, fruits, vegetables, fish, seeds, and more. Of course, you can find at them all at our wholesale Mediterranean grocery store!

Here are just a few of the many benefits of eating a healthy Mediterranean diet:

Reduced Risk of Heart Disease

Reduced Risk
of Heart Disease

Many studies have been conducted on this diet, many of which report that Mediterranean food is excellent for your heart. Some of the most promising evidence comes from a randomized clinical trial published in 2013. For about five years, researchers followed 7,000 men and women around the country of Spain. These people had type 2 diabetes or were at a high risk for cardiovascular disease. Participants in the study who ate an unrestricted Mediterranean diet with nuts and extra-virgin olive oil were shown to have a 30% lower risk of heart events.

Reduced Risk of Stroke for Women

Reduced Risk
of Stroke for Women

In addition to the heart-healthy benefits of a Mediterranean diet, studies have shown that eating healthy Mediterranean and Middle Eastern foods can reduce the chances of stroke in women. The study was conducted in the U.K., which included women between the ages of 40 and 77. Women who stuck to the Mediterranean diet showed a lower risk of having a stroke - especially women who were at high risk of having one.

Benefits of Eating a Mediterranean Diet

First and foremost, purchase your Mediterranean and Middle Eastern wholesale foods from Nazareth Grocery - we're always updating our inventory! Getting started on this healthy, delicious diet is easy.

Try these tips:

Try these tips

1.

Instead of unhealthy sweets like candy and ice cream, try eating fresh fruit instead. It's refreshing, tasty, and often packed with great vitamins and nutrients.

2.

Try eating fish twice a week, in lieu of red meat. Fish is much healthier and doesn't have the unfortunate side effects of red meat, like inflammation.

3.

Try planning out your meals using beans, whole grains, and veggies. Don't start with meats and sweets.

4.

They're tasty, but try to avoid processed foods completely.

5.

Instead of using butter to flavor your food, use extra virgin olive oil instead. Olive oil contains healthy fats and tastes great too.

6.

Try to get more exercise and get out of the house. The Mediterranean lifestyle is an active one, best enjoyed in the beautiful sunshine when possible.

Why Buy Mediterranean and Middle Eastern Products Wholesale?

Buying wholesale and retail are quite different. When you buy products from a wholesaler, you're essentially buying from the middleman between a retail establishment and the manufacturer. Wholesale purchases are almost always made in bulk. Because of that, buyers pay a discounted price. That's great for normal buyers and great for business owners, who can sell those products to profit. This higher price is called the retail price, and it is what traditional customers pay when they enter a retail store.

Free Estimate
 Middle Eastern Store Dallas, TX

Latest News in Dallas, TX

A Week In Dallas, TX, On A $95,500 Salary

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar.Do you have questions about your debt? We’re here to help! ...

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar.

Do you have questions about your debt? We’re here to help! Fill out this form to have your questions answered by a financial expert on Refinery29.

Today: a sales engineer who makes $95,500 per year and spends some of her money this week on Carly Rae Jepsen tickets.

Editor’s Note: This Money Diary was written in June 2022.

Occupation: Sales Engineer Industry: IT/Cloud Computing Age: 23 Location: Dallas, TX Salary: $95,500 Net Worth: $74,000 ($12,000 in my savings account/emergency fund, $40,000 in my 401(k), $18,000 in my Roth IRA, $4,000 in my checking accounts) Debt: $0 Paycheck Amount (biweekly): $2,144 Pronouns: She/her

Monthly Expenses Rent: $1,215 for my half of a two-bed/two-bath, rented with a roommate Loans: $0, I had a scholarship for college and my car is paid off Electric: $45-$70 for my half Internet: $35 for my half Cell Phone: my parents pay Health Insurance: $3.20 Dental Insurance: $8.60 HSA: $200 (my company adds $1,000 a year) Accident Insurance: $8.14 Life Insurance: $16.62 Donations: $100, split between the Equal Justice Initiative, a local women’s shelter, and the National Network of Abortion Funds Netflix: my parents pay Spotify: my brother pays for a family plan Peacock: $5 Savings: $500 HBO/Disney: my roommate pays

Annual Expenses: Car Insurance: $625 Renter’s Insurance: $60, split with my roommate

Was there an expectation for you to attend higher education? Did you participate in any form of higher education? If yes, how did you pay for it? Yes, I think my parents always considered college to be the only option and a huge part of the reason why they immigrated to the US (when I was about two years old). I received a full scholarship to an in-state school because I met the minimum GPA requirement when graduating from high school. I struggled a bit freshman year, so I was bumped down from the 100% paid tuition tier to the 80% of tuition paid. I was far too terrified to tell my parents, so I got a part-time job and worked to pay the difference. My parents paid for my housing costs and were happy to pay for food/gas/incidentals as well, but I tried my best to cover this with my part-time job wages as well. I graduated debt-free.

7 a.m. — I wake up feeling very groggy — I had wanted to work out this morning but that is not happening. Instead, I wait for B. to leave and use her shower, using the drips from mine to water my plants. I put in a work order yesterday so fingers crossed that maintenance comes today while we’re at work and the kittens are cute enough to distract them from our failure to pay pet rent. I get dressed, scoop the litter box, and put on sunscreen (I like the one, it smells like oranges) before leaving for work just before 8. I got my hair cut and blown out on Saturday and I’m trying to make it last as long as possible.

Analia Fiestas, Carolos Zapata and Karuska Matos to Anchor ‘Noticias Telemundo Texas'

Analia Fiestas and Carlos Zapata have been named news anchors and Karuska Matos will serve as the meteorologist for “Noticias Telemundo Texas,” a new weekday newscast that will air across Telemundo stations KXTX / Dallas Fort Worth, KTMD / Houston, KVDA / San Antonio, KTLM / Harlingen-McAllen and KTDO / El Paso, beginning September 26. The newscast will air in the aforementioned Telemundo-owned station markets Monday through Friday from 5 a.m. to 7 a.m. CT.The newscast’s reporter roster will include Telemundo station...

Analia Fiestas and Carlos Zapata have been named news anchors and Karuska Matos will serve as the meteorologist for “Noticias Telemundo Texas,” a new weekday newscast that will air across Telemundo stations KXTX / Dallas Fort Worth, KTMD / Houston, KVDA / San Antonio, KTLM / Harlingen-McAllen and KTDO / El Paso, beginning September 26. The newscast will air in the aforementioned Telemundo-owned station markets Monday through Friday from 5 a.m. to 7 a.m. CT.

The newscast’s reporter roster will include Telemundo station Reporters from KXTX, KTMD, KVDA, KTLM and KTDO, with each delivering reports and breaking news updates from their communities. Matos will deliver real-time weather updates for each community and expand on climate and weather storytelling. Fiestas and Zapata will delve into important stories of the day, explaining their impact locally and statewide.

ANALIA FIESTAS

Fiestas, a native of Peru, is a bilingual award-winning journalist. She has been part of the Telemundo stations’ family for seven years. She joined Telemundo 39 / KXTX in 2016 as a reporter, after working as a news reporter associate for the Telemundo Station Group’s Miami bureau for a year. Two years after joining KXTX, Fiestas was named news anchor of the station’s midday newscasts. Fiestas also contributes to NBC 5’s newscasts.

While at KXTX, she has delivered breaking news anchor coverage for Texas’ tornado outbreaks in March of this year, the Arlington High School shooting and has reported about the region’s February 2021 electric grid collapse and deadly winter storms, among others. Before joining NBCUniversal in 2015, she worked as an associate producer for WPLG in Miami. She is the recipient of two Lone Star Emmy Awards in the categories of best “Morning Newscast” and “Breaking News Coverage.”

CARLOS ZAPATA

Zapata, a native of Colombia who began his journalism career in Ecuador, is an award-winning bilingual journalist. He has spent nine years working at Telemundo-owned stations and returns to KXTX after serving as a reporter for Telemundo 47 / WNJU in New York for nearly two years. While at KXTX from 2013 to 2020, he worked his way up from video journalist to news anchor. While at KXTX, he has covered numerous breaking news stories and was dispatched to the Texas-Mexico Border on special assignment to report on the humanitarian crisis. At WNJU, Zapata continued to report on US-Mexico border issues.

The latest news from around North Texas.

Zapata is the recipient of a 2022 national GLAAD Media Award for his reporting work and contributions to WNJU’s June 2021 special “LGBTQ Pride: 52 years of Struggle and Evolution.” He has received 14 Lone Star Emmy Awards, including two awards in the categories of best “News Anchor” and “News Reporter” and was recently nominated for 12 New York Emmy Awards, including best "Live Reporter” and "Features/Human Interest Reporter.” Before joining NBCUniversal, he worked at WUVF-TV and WANA-TV in Ft. Myers-Naples as News Anchor and Reporter, D'Latinos Magazine as a columnist and contributor, and for several TV and radio stations in Ecuador.

KARUSKA MATOS

Matos, a native of Puerto Rico, joins the Telemundo stations and NBCUniversal for the first time after working as a meteorologist for KXLN-TV in Houston and AccuWeather.

At AccuWeather, she created weather forecasts for cities across the United States and Latin America. She earned a bachelor’s of science degree in Physical Sciences from the University of Puerto Rico at Mayaguez with certification in Environmental Chemistry and Meteorology and Education. As part of her collegiate academic expertise, she interned at the Argonne National Laboratory to study the public’s interest of air quality and meteorology related to the construction/operation of Spent Nuclear Fuel facilities, was part of NASA’s University Research and Education Project at the Kennedy Space Center, which prepared college students to engage gifted, children with special needs and first-time English-language learners with STEM subjects, and while at the U.S. National Weather Service’s Caribbean Tsunami Warning Program, she analyzed the performance of sea level sensors along the Caribbean.

Telemundo Station Group recently announced the launch of “Noticias Telemundo Texas,” to help better serve Spanish-speaking audiences in Texas with the news and information they need to start their day and explain how these, can impact their communities. “Noticias Telemundo Texas” will be produced and anchored from The Studios at DFW, a state-of-the-art news facility that is home to Telemundo 39 / KXTX, NBC 5 / KXAS and LX News network. With the addition of this new newscast, Telemundo’s 31 television stations will deliver more than 26,600 live, news hours to their local communities.

ABOUT TELEMUNDO STATION GROUP

The Telemundo Station Group, part of NBCUniversal Local division, includes 31 local Telemundo-owned stations. The stations deliver Spanish-speaking audiences in the U.S. and Puerto Rico the very best local news, weather, consumer and investigative reporting, and lifestyle entertainment across any platform and screen. The station group also operates TeleXitos, a Spanish-language multicast network that delivers action-adventure television series and movies without subtitles.

Storm Cleanup Continues, Crews Working to Restore Power to 13,100

Many North Texans will spend their Labor Day holiday recovering from severe thunderstorms that blew through the area on Sunday afternoon.Overall, the majority of damage and power outages were reported in Dallas County. At the peak of the storm, more than 110,000 customers lost power. But the storms impacted Collin County as well, leading to reports of tree limbs down in parts of Richardson and Garland.Dallas County Judge Clay Jenkins said at about 12:15 p.m. Monday that crews were working to restore service to about 30,000 rema...

Many North Texans will spend their Labor Day holiday recovering from severe thunderstorms that blew through the area on Sunday afternoon.

Overall, the majority of damage and power outages were reported in Dallas County. At the peak of the storm, more than 110,000 customers lost power. But the storms impacted Collin County as well, leading to reports of tree limbs down in parts of Richardson and Garland.

Dallas County Judge Clay Jenkins said at about 12:15 p.m. Monday that crews were working to restore service to about 30,000 remaining customers, about 28,000 of whom are in the city of Dallas. By 4 p.m. that number had dropped to just over 13,000 customers in Dallas County.

"Some locations have suffered significant damage to the electrical equipment on the house," Jenkins said on Twitter. "In these cases, Oncor is required to disconnect the service at the Weatherhead to prevent any hazards until the customer can make the repairs."

In Dallas, high water was reported in parts of Uptown and Old East Dallas Sunday at several of the locations that were inundated from record flooding last month.

The storms caused damage to the exterior of a building, sending bricks tumbling down onto a parked car. A resident at the Royal Lane Condominiums claimed the damage occurred when lightning struck the east-facing side of the building.

An East Dallas apartment construction site was also damaged during the severe storms on Sunday afternoon.

A townhome construction project in East Dallas partially collapsed during the storms. Kim Fulkerson was in a vacation rental in East Dallas when she looked out the window and saw the structure fall.

Three portions of the second story of the wood-framed structure at Munger and Annex collapsed as high winds pushed through Dallas at about 3 p.m.

The Dallas Zoo reported damage from downed trees that caused a power outage which will prevent the zoo from opening on Labor Day. The park also reported power outages across the entire zoo.

"Due to a strong storm this afternoon, we sustained significant tree damage, have debris in the Zoo and have a zoo-wide power outage," Zoo officials said. "Thankfully, teams have confirmed habitats are intact, animals are safe and no guest or staff injuries have been reported."

GAF Shingle Plant Ends Negotiations With West Dallas To Pursue Exit on Its Own Terms

The company that has operated the GAF shingle factory in West Dallas for decades insists it will exit the neighborhood, but will no longer directly negotiate with the residents.Community members began demanding its exit earlier this year, saying that the emissions from the factory have caused a variety of health problems and was unfit to operate near homes.In a statement released Wednesday afternoon, GAF said it still intends to voluntarily leave West Dallas, and called its plan a “clear demonstration of its commitment to...

The company that has operated the GAF shingle factory in West Dallas for decades insists it will exit the neighborhood, but will no longer directly negotiate with the residents.

Community members began demanding its exit earlier this year, saying that the emissions from the factory have caused a variety of health problems and was unfit to operate near homes.

In a statement released Wednesday afternoon, GAF said it still intends to voluntarily leave West Dallas, and called its plan a “clear demonstration of its commitment to work with the city and the community of West Dallas.” The company has applied to rezone the property from its current use as Industrial Research to what is known as a Planned Development District, which would no longer allow industrial uses. The company says its application includes a plan to wind down operations and “ensure future use of the property is consistent with the city’s and community’s vision for West Dallas.” It would require a special use permit to be allowed to operate for a finite period of time should the city approve its zoning request.

“As part of the ‘sunset provision,’ GAF will commit to a significant reduction in sulfur dioxide (SO2) and particulate matter (PM) emissions by the end of 2022,” the statement said. “GAF will also commit to transitioning production to another site beginning in 2027 and ending by 2029.”

According to an emissions inventory report by Paul Quinn College, the GAF factory became the second largest source of PM (particulate matter) 2.5 pollution in Dallas in 2020, an increase of almost six tons per year since 2019. Particulate matter pollution comes in different sizes, with PM 2.5 being some of the smallest. Exposure is linked to a higher risk of respiratory diseases.

In May, the neighborhood group Singleton United/Unidos released a report called the “Case for City Amortization of GAF,” arguing that the 76-year-old shingle factory should vacate the neighborhood because it adversely impacts the quality of life and health of nearby residents.

In July, company representatives sat down with community members for the first time to discuss an exit strategy. After the meeting, the company issued a statement, saying that it came to “share a responsible and considered plan to pursue a legally-binding winding down of operations in West Dallas over the next 7 years.” The statement added that GAF hoped to continue down a “collaborative path” with the city and the plant’s neighbors.

In a press conference the next day, Deputy Mayor Pro Tem Omar Narvaez, the councilman who represents West Dallas, said that GAF came forward “willingly” to work on plans for its exit. Narvaez said it was “what I would call self-amortization.” Amortization is a mechanism by which the city can qualify a business as a “non-conforming use” and begin the process to evict it from a community.

“What GAF said is that they have heard the community loud and clear and that they recognize that as West Dallas is changing and becoming more residential, that this industrial use just no longer fits in West Dallas,” said Narvaez, who reported no timeline for the exit.

Later that month, the company met with representatives of the community again to answer questions. At least two people with knowledge of that meeting say that the community is pushing the company to explain the financial reason that it will take seven years to vacate. Those neighbors asked GAF to come up with a shorter timeline.

Those community members say they have not heard from GAF since that July meeting.

“If negotiations have ended, then we actually never had an opportunity to negotiate,” said Singleton United/Unidos spokesperson Janie Cisneros. “All we have done is listen to them justify their 7-year proposed timeline. Our next meeting was to get into negotiations-an actual dialogue with back and forth discussion.”

We will update this story with more details from the zoning application and response from community members.

Michigan-based mortgage lender cuts more than 500 jobs at North Texas office

One of the nation’s largest mortgage lenders is cutting over 500 jobs at its Farmers Branch office, adding to a flurry of industry layoffs after a huge drop in demand for home loans caused by higher interest rates.Ann Arbor, Mich.-based Home Point Financial Corp., also known as Homepoint, plans to lay off 526 employees beginning Nov. 1, according to a notice filed with the Texas Workforce Commission as required under the ...

One of the nation’s largest mortgage lenders is cutting over 500 jobs at its Farmers Branch office, adding to a flurry of industry layoffs after a huge drop in demand for home loans caused by higher interest rates.

Ann Arbor, Mich.-based Home Point Financial Corp., also known as Homepoint, plans to lay off 526 employees beginning Nov. 1, according to a notice filed with the Texas Workforce Commission as required under the Worker Adjustment and Retraining Notification Act.

“We are in the process of taking the painful step of reducing our workforce to ensure Homepoint is best positioned to navigate the current high-rate, low-margin environment,” said Homepoint spokesman Brad Pettiford.

The layoffs include both remote and in-person employees associated with the Farmers Branch office. But most of those employees don’t live in Texas, and fewer than 100 of them live within 30 miles of the office, according to Homepoint. More than 95% of Homepoint’s associates work remotely.

Pettiford said the layoffs will happen “across the organization.” He did not provide an exact number of employees affected nationwide other than to say it was “in the hundreds” but said the move will save the company more than $100 million per year. The Detroit News reported last week that Homepoint would lay off 217 people at two offices in Ann Arbor in November, and that the company had about 3,000 employees in August.

“It is difficult to say goodbye to associates whose dedication to our partners and customers have greatly contributed to our company’s success in our first seven years of business,” Pettiford said. “Over the last several months, we have executed multiple strategic actions to minimize the human impact as much as possible, but continually worsening market conditions make this additional step necessary.”

Affected employees were given a 60-day notice, according to Pettiford. It is unclear how many employees will remain in North Texas or how it will affect local operations.

Home Point Financial’s parent company, Home Point Capital Inc., lost $44.4 million in the second quarter. Company officials said in an earnings call in August that they would be willing to get smaller as a company to deal with the lower demand for loans.

Homepoint primarily originates wholesale loans where it works with brokerages to source customers. In 2018, the company announced that it would expand its servicing operations in Dallas-Fort Worth with a new office in Farmers Branch.

Applications for home purchase loans nationwide are down about 19% from a year ago, while refinance applications are down 79%, according to the Mortgage Bankers Association.

Other major mortgage lenders have made drastic changes to their workforces in response, including Plano-based First Guaranty Mortgage Corp., which cut more than 400 jobs this summer, and Coppell-based Mr. Cooper Group Inc., which has laid off almost 700 people since the start of the year.

Disclaimer:

This website publishes news articles that contain copyrighted material whose use has not been specifically authorized by the copyright owner. The non-commercial use of these news articles for the purposes of local news reporting constitutes "Fair Use" of the copyrighted materials as provided for in Section 107 of the US Copyright Law.