More than a hundred employees will be laid off as Ocwen Financial Corp. closes down a mortgage servicing facility in Texas.
On Wednesday, Ocwen issued a statement indicating that it
has decided to discontinue its residential servicing operations in Houston.
The decision to shutter the Houston facility followed a strategic review
by the Atlanta-based company, according to the news release.
“The decision was made to streamline the number of call center sites, eliminate redundancies and increase effectiveness within the company’s residential loan servicing operations,” the statement said. “The Houston facility is the company’s smallest residential servicing call center in the U.S. mainland.”
As
a result of the closing, 140 servicing employees will be laid off — though they can apply for employment at other Ocwen servicing facilities.
Ocwen said that the impacted employees represent less than 5 percent of its staff located in the United States.
“Whenever business decisions cross personal relationships, it is difficult,” Ocwen Chief Executive Officer and President Ronald Faris said in the announcement. “This decision was especially hard since our Houston employees had a positive influence on the company’s performance.”
Ocwen noted that its commercial
servicing unit in Houston is not impacted.
