Mortgage Daily

Published On: August 17, 2016

Another round of mortgage servicing layoffs at Ditech Financial LLC brings to more than 220 the number of jobs recently cut.

Ditech advised the North Carolina Department of Commerce in July that it planned to layoff 65 employees in Greensboro.

In addition, the Tampa, Florida-based organization confirmed last month that it planned to cut 78 jobs in San Antonio, Texas.

It turns out that a Worker Adjustment and Retraining Notification Act notice was also filed with the Georgia Department of Economic Development.

According to that WARN notice,
79 employees are being laid off in Kennesaw.

As is the case with the North Carolina and Texas layoffs, the Georgia layoffs will take place on Sept. 21.

While a spokeswoman for the Walter Investment Management
Corp. subsidiary wouldn’t comment on the Georgia job cuts, a previous statement said that declining defaults have led to the consolidation of some servicing and technology functions.

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