Mortgage Daily

Published On: March 20, 2017

A new round of layoffs disclosed by PHH Mortgage Corp. brings to 240 the number of layoffs recently announced for the Empire State.

Last September, the Mount Laurel, New Jersey-based company reported to the
New York Department of Labor it would cut 91 jobs.

The layoffs took place in Williamsville on Dec. 31, 2016, according to
the Worker Adjustment and Retraining Notification Act filing.

Then, in December, another WARN filing indicated that an additional 80 Williamsville employees were going to be laid off in the second half of this year.

On Friday, a WARN filing with
the state said 69 of its remaining 145 employees in Williamsville are being laid of on June 30.

“Reduction in loan originations” is listed as the reason for dislocation.

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