Labor Market
Silverton Mortgage plans to permanently close its worksite on Peachtree Street in Midtown Atlanta, affecting all 73 employees there, according to a layoff notice filed with Georgia on Thursday, Oct. 29.
The notice, logged as GA202600024 on the state’s public WARN list maintained by the Technical College System of Georgia, classifies the action as a permanent closure. It lists one affected location, 1204 Peachtree St. NE in Atlanta’s 30361 ZIP code in Fulton County, and reports 73 total employees at the worksite and 73 affected.
A staged wind-down into 2027
The separations are not happening at once. The filing lists three expected dates: Dec. 31, 2026; March 31, 2027; and May 31, 2027. It does not say how many workers are scheduled to leave on each date, so the 73 positions should be read as a total that will be reached in stages over about five months. All three dates are in the future, which means these are planned separations, not completed layoffs.
The notice says no affected employees are represented by a union and that the closure is not trade-related. It does not give a reason for the closure.
Who is affected
The filing lists 42 job titles, described as “positions related to company functions.” They span nearly every part of a mortgage lender’s operations: mortgage loan originators, processors, underwriters, closers and a senior closing manager; disclosure, compliance and quality-control staff; appraisal specialists and a director of valuation management; lock-desk, secondary-marketing and capital-markets roles, including a trader and a vice president of capital markets; post-closing fulfillment staff and a pre-funding auditor; and corporate roles in marketing, social media, graphic design, human resources, learning and development, accounts payable and office management.
That breadth matters for local job seekers. The notice describes the end of a full operating office rather than a trim to one department, so the workers entering the Atlanta market will include licensed loan officers alongside back-office specialists in underwriting, compliance, secondary marketing and closing.
The company behind the brand
Silverton Mortgage has been part of a larger lender for years. In a release dated Feb. 27, 2018, the company announced it had agreed to be acquired by Vanderbilt Mortgage and Finance Inc., joining what the release called the Clayton family of companies. That release said Silverton was founded in 1998 with two employees working from an Atlanta bedroom, that its corporate office was in Midtown Atlanta, and that it would keep its name, leadership, employees and corporate identity after the deal.
Silverton’s website now identifies the lender as “Vanderbilt Mortgage and Finance Inc., dba Silverton Mortgage,” under NMLS 1561. The site lists its headquarters as 1201 Peachtree St. NE, Suite 2050, a slightly different street number from the address on the state filing. When checked on Thursday, the website’s updates section carried no announcement of the closure, and neither the notice nor the site said whether the Silverton brand or its loan pipeline will continue elsewhere.
What the notice does and does not show
A WARN filing is an advance notice from the employer, not a final count. Dates and numbers can change before separations take effect, and the notice does not say whether any affected employees will be offered positions elsewhere in the company.
The filing is one of two notices dated Oct. 29 on Georgia’s list, and the only one of the two with a Georgia worksite. The other, from Family Endeavors, lists a worksite in San Antonio, Texas.
The entry immediately before them on the list is a Duty Free Americas notice submitted Oct. 22 that covers 89 workers.
Sources
- Technical College System of Georgia, “WARN Notice GA202600024: Silverton Mortgage,” October 29, 2026. https://www.tcsg.edu/warn-public-view/entry/91941/
- Technical College System of Georgia, “WFD WARN Notice (Public),” accessed October 29, 2026. https://www.tcsg.edu/warn-public-view/
- Silverton Mortgage, home page, accessed October 29, 2026. https://www.silvertonmortgage.com/
- Vanderbilt Mortgage and Finance, “Silverton Mortgage Announces Acquisition By Vanderbilt Mortgage and Finance, Inc.,” February 27, 2018. https://www.vmf.com/resources/news/silverton-mortgage-announces-acquisition-by-vmf/
Featured photo: Peachtree Street at Sixth Street in Midtown Atlanta, May 23, 2010. Representative image; not Silverton Mortgage's office at 1204 Peachtree St. NE. Photo: John Phelan, via Wikimedia Commons (CC BY 4.0). Cropped from the original.
