An Option One Mortgage Corp. subsidiary is shutting down -- resulting in dozens of layoffs by summer.
AcuLink Mortgage Solutions LLC has filed a Worker Adjustment and Retraining Notification Notice with Florida indicating it will lay off 67 people on June 12, 2007. The location housing the displaced workers is at 8001 Woodland Center, Blvd., Tampa.
The company was originally launched in 2005 with the help of ValuAmerica to provide settlement services to H&R Block Mortgage Corp., according to a 2004 announcement. The initial staff was around 30 people.
But Block Mortgage laid off 141 Tampa employees earlier this month -- noting it was moving business to H&R Block Bank.
"AcuLink Mortgage Solutions is discontinuing its Tampa, Fla., operations because its primary client is closing its own mortgage business, which AcuLink has been serving," Nancy Mays, manager of corporate communications for H&R Block Bank and H&R Block Mortgage told MortgageDaily.com in an e-mail statement.
"AcuLink will transition its remaining work to a location yet to be determined," she added. "Seventy associates in Tampa are affected by the action."