Over a hundred mortgage servicing jobs in North Texas are impacted by an office closing, and it’s not yet clear if the employer will remain open.
Residential Credit Solutions Inc.
operates a location in Fort Worth, Texas. It’s the same place where the company’s headquarters are located.
But the mortgage servicer has decided that it will close down the entire Fort Worth facility — a move that will impact all of the employees there.
The disclosure was made in filing last Wednesday with the Texas Workforce Commission as required by the Worker Adjustment and Retraining Notification Act.
According to the WARN notice, 134 jobs are expected to be permanently eliminated as a result of the decision.
The layoffs will start on Feb. 29 and are expected to be completed by Aug. 31.
In July 2015, the Fort Worth-based company
reached a consent order with the Consumer Financial Protection Bureau over allegations it mishandled distressed borrowers seeking a loan modification.
The company reportedly serviced
$8.5 billion as of 2013 when it was acquired by American Capital Mortgage Investment Corp.
A spokeswoman wasn’t immediately able to confirm whether the company is closing down entirely.
