A mortgage servicer owned by Walter Investment Management Corp. is laying of employees in North Texas. The move comes just a month after the unit decided to end wholesale lending.
The Tampa, Fla.-based firm disclosed in February that subsidiary Green Tree Servicing LLC would abandon mortgage broker originations in April.
Around 60 employees were impacted by the decision to exit the wholesale lending business, which was not expected to contribute to last year’s earnings.
Last Tuesday, Green Tree advised the Texas Workforce Commission that it planned to lay off employees in Dallas.
A Worker Adjustment and Retraining Notification Act notice indicated that the job cuts impact 82 employees.
Green Tree said in the WARN filing that the layoffs will take place on April 28.
No reason for the layoffs was listed.
Walter Investment reported a company-wide staff of 6,400 as of Dec. 31.
