Success Lending to Shut Down Schaumburg Operations
The company will lay off 121 employees across the country on November 2.
Updated on Oct. 24, 2026 in Openings & Closings
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Success Lending, located at 1750 E. Golf Road, will cease operations on November 2, 2026. The closure includes the planned layoff of 121 employees as part of a mutual strategic decision by the company owners.
Why it matters
The shutdown stems from a decision by owners eXp World Holdings, now rebranded as AGNT, Inc., and Kind Lending to wind down their joint venture. This move marks the end of their collaborative mortgage business effort.
The closure involves the termination of 121 staff members, with 21 positions based in Illinois and 100 located out-of-state. These cuts are scheduled to take effect on November 2.
The players
Success Lending
A joint venture mortgage company co-owned by eXp World Holdings and Kind Lending.
AGNT, Inc.
The company formerly known as eXp World Holdings that co-owns Success Lending.
Kind Lending
A mortgage lender that serves as a co-owner of the Success Lending joint venture.
Newrez
A mortgage lending company that is currently exploring a new joint venture with AGNT, Inc.
The details
The business, which operates from its headquarters in Schaumburg, is closing following a strategic choice by its joint venture owners. While Success Lending winds down, AGNT, Inc. is currently exploring a separate joint venture opportunity with Newrez.
Timeline
The owners announced their intent to shut down Success Lending in September 2026.
The layoff of 121 employees is scheduled to occur on November 2, 2026.
Market Landscape
This shutdown reflects a broader consolidation trend within the mortgage industry where parent companies frequently pivot between joint ventures. The closure positions the stakeholders to potentially pursue new partnerships, such as the venture AGNT, Inc. is exploring with Newrez.
Employees affected by this closure will be impacted by the termination of 121 positions across the company's network. Local staff members in the Schaumburg area specifically account for 21 of the total layoffs occurring in early November.
The takeaway
Companies often utilize joint ventures as flexible mechanisms to test new market segments before winding them down if strategy changes. Employees should monitor official company communications for information regarding severance packages and transition support.
Further reading
For more on changes to the local corporate presence, visit the Schaumburg Openings & Closings section.
Source note: This article includes information reported by Indianapolis Star.
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