ResCap Closing Offices

A Worker Adjustment and Retraining Notification filed with the Washington Employment Security Department yesterday indicated 60 employees will be laid off on Oct. 1. The layoffs will occur at a facility in Bellevue.

Company spokeswoman Jeannine Bruin told MortgageDaily.com in an interview that the layoffs involve wholesale positions at the Homecomings Financial LLC unit. The location is being closed and the operations are being shifted to a Dallas facility.

Bruin said another 29 Phoenix retail employees were laid off on Aug. 8 as part of a reduction there “because of a decline in market demand.”

Last week, Michigan’s Department of Labor and Economic Growth was notified that 73 employees would be laid off in Troy beginning on Oct. 3 and concluding by Dec. 31.

Bruin indicated that the number of layoffs in Troy was increased to 80 and involved both retail and Homecomings wholesale employees. She noted the Troy office is being closed and the work being shifted to Fort Washington, Penn.

“At this point we don’t anticipate having to add additional resources in Dallas or Fort Washington,” Bruin stated. “But we’re monitoring the situation.”

Including the Michigan layoffs, 185 jobs are being eliminated in the latest round.

“We need to find the most efficient and streamline model to operate in the current … environment,” she added.