|
|||
Hundreds of mortgage jobs in Arizona are in the process of being eliminated at Bank of America.
About 200 mortgage loan fulfillment employees at a Phoenix operations center recently received notices their duties would be consolidated in other existing facilities across the country by the end of August, BoA spokeswoman Julie Davis told MortgageDaily.com. The bank has been notifying the Phoenix home loan workers since mid-May to give them sufficient time to find other jobs, Davis said, noting that about half have been accommodated to serve other growing business areas of the company and that the bank is optimistic that will also be the case for many of the remainder who are fulfilling the mortgage work through the transition period. While none of the affected employees are being transferred into mortgage jobs, Davis said the elimination of the mortgage operations in the Phoenix office is not related to slowdown in the mortgage industry. “It’s simply a matter of making the best use of our facilities,” she added. “We do have other facilities in country that are picking up the [mortgage] work” from the Phoenix location. In April, BoA said it would eliminate close to 400 jobs in Ohio and Delaware this summer due to the transitioning of two centers of MBNA Home Finance. The Charlotte, N.C.-based banking behemoth completed its acquisition of MBNA Corp., mostly made up of credit card employees, early this year and anticipated 6,000 layoffs would result. Davis said the mortgage job cuts in Phoenix were not related to the merger. |
|||
Coco Salazar is an assistant editor and staff writer for MortgageDaily.com.e-mail: MortgageWriter@aol.com |
FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.
Amortization Calculator
Affordability Calculator
Mortgage Calculator
Refinance Calculator
FHA Mortgage Calculator
VA Mortgage Calculator
Real Estate Calculator
Tags
Pre-Approval Resources!
Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…
Resource Center
Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.
TOP SEARCHED TOPICS
Your mortgages approval starts here.
Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.
Stay Up To Date with Today’s Latest Rates
Mortgage
Today’s rates starting at
Home Refinance
Today’s rates starting at
Home Equity
Today’s rates starting at
HELOC
Today’s rates starting at