Success Lending to Close, Laying Off 121 Employees
Mortgage industry operators will see the dissolution of the Schaumburg-based venture as its owners shift strategic focus.
Updated on Oct. 24, 2026 in Openings & Closings
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Success Lending will permanently cease operations and lay off 121 employees on November 2, 2026. The shutdown marks the end of a joint venture based in Schaumburg.
Why it matters
The closure follows a mutual strategic decision by owners AGNT, Inc. and Kind Lending to wind down the joint venture. Operators should monitor how such partnerships are restructured when joint objectives no longer align with parent company goals.
The closure affects 121 total employees, with 21 based in Illinois and 100 working out-of-state. This workforce reduction will be finalized on November 2, 2026, as the Schaumburg-based entity winds down.
The players
Success Lending
A mortgage lending joint venture headquartered in Schaumburg.
AGNT, Inc.
A holding company formerly known as eXp World Holdings that co-owns the mortgage business.
Kind Lending
A mortgage lending firm that serves as a co-owner of the Success Lending joint venture.
Newrez
A national mortgage lender currently exploring potential future joint venture opportunities.
The details
Success Lending, located at 1750 E. Golf Road, is closing following a strategic choice by its parent companies, Kind Lending and AGNT, Inc. (formerly eXp World Holdings). The move terminates the joint venture structure that previously supported these mortgage operations. While the venture is dissolving, AGNT, Inc. is currently exploring a separate partnership with Newrez.
Timeline
September 2026: Owners announced the intent to shut down Success Lending.
November 2, 2026: The scheduled date for the layoff of 121 employees.
Market Landscape
This closure tracks with a wider industry trend of mortgage companies shedding complex joint ventures to optimize corporate structure. The move marks a departure from the collaborative model favored by AGNT, Inc. and Kind Lending as they re-evaluate their respective portfolios.
Operators in the mortgage sector should review partnership agreements for clear dissolution triggers and exit strategies. Monitoring how parent companies pivot to new ventures, like the potential AGNT-Newrez deal, provides insight into future market consolidation.
The takeaway
The end of this joint venture highlights the importance of aligning operational goals with parent company strategy during market volatility. Owners should track the new venture discussions between AGNT, Inc. and Newrez as a signal for future industry partnership structures.
Further reading
For more on shifts in the local business landscape, visit Openings & Closings.
Source note: This article includes information reported by Indianapolis Star.
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