The operating subsidiary of Nationstar Holdings Inc. is eliminating more than a hundred positions in Missouri just over a year after holding a job fair there.
In December 2012, Nationstar Mortgage LLC held a job fair to staff a St. Louis loan originations operations fulfillment center that had just opened.
At the time, the Lewisville, Texas-based company planned on adding 130 jobs at the center during 2012 and another 300 in 2013.
Among the positions being filled were loan processors, mortgage underwriters and other production jobs.
Now, Nationstar is scaling back its St. Louis staff.
A Worker Adjustment and Retraining Notification Act filing was made on Feb. 11 with the Missouri Division of Workforce Development.
The WARN notice indicated that 155 St. Louis employees are being laid off.
Layoffs will take place on April 13.
The reason listed for the layoffs was “closing.”
Nationstar isn’t the only company to be eliminating mortgage jobs in the St. Louis area.
Bank of America Corp. disclosed last week that 280 St. Charles, Mo., positions are being eliminated.
