Impac Mortgage enforces work-from-home plan

by Mark Rosanes23 Mar 2020

Impac Mortgage Holdings Inc. announced that it is implementing organization-wide remote work programs to protect the health of its employees during the novel coronavirus outbreak. 

The move is also in compliance with the recommendations and requirements of state and county officials in relation to the outbreak. 

The California-based company received a March 18 notice from the Orange County health officer ordering all non-essential activities to cease effective immediately until March 31. 

In a statement, the company said that it has been working to protect the safety of its employees. “During the last two months, the company has developed a network of support for its employees and associates as part of its broader continuity of operations plan.”  

Apart from the remote work program, the plan includes a 24-hour hotline for health-related questions, access to a life assistance program for behavioral and emotional health issues, access to local urgent care facilities, on-site presentations by medical professionals about COVID-19 and adoption of best practices to prevent the spread communicable diseases. 

"Although the spread of the outbreak could cause severe disruptions in the US economy and presents material uncertainty and risk with respect to our performance, financial condition, results of operations and cash flows, the company is working to maintain its business operations pursuant to its continuity plan,” the company said.