A company that provides services for distressed home loans is hiring hundreds of New York employees recently laid off by JPMorgan Chase & Co.
In June, Chase disclosed that it was going to close down a call center in Albion, N.Y., this month.
Less than a dozen of the 413 employees at the center, which handled distressed loans, were expected to hired by Chase at another location.
But one company, AMS Servicing, quickly expressed interest in 150 of the employees.
Another local firm, Claims Recovery Financial Services LLC, indicated that it was planning to add 170 jobs.
On Monday, Claims Recovery reported that it has already hired 55 Chase employees.
In addition, it is continuing to recruit the displaced employees and is aiming at bringing on 150 more.
All of the new employees will move to a new 60,000 Albion facility that was previously occupied by Chase. The staffing consolidation is expected to be completed by March 2014.
Claims Recovery said that it has been offered an $872,500 incentive package by Empire State Development In addition, the Orleans Revolving Loan Fund approved a low-interest loan in the amount of $250,000 for the purchase of new equipment, and the Orleans Economic Development Agency is making available sales tax abatement for the related equipment purchases.
A press conference announcing the move was held Monday and attended by Sen. Charles Schumer (D-N.Y.) and other officials.
