Nearly one-third of Scottsbluff Nationstar Mortgage employees la - Scottsbluff Area News, Sports, and Weather

Nearly one-third of Scottsbluff Nationstar Mortgage employees laid off

Posted: Updated:

105 employees from three departments at Nationstar Mortgage in Scottsbluff have been given the pink slip, in a round of massive layoffs that will begin to take effect on March 28th.

John Hoffmann- Nationstar Mortgage's Senior Vice President of Corporate Communication- says the move comes after major changes in the mortgage industry over the past year. Back in November, Nationstar announced it was making changes in its origination area, and laid off a round of employees who were not based in Scottsbluff.

"As we make fewer loans and with the growth in our servicing portfolio not what it once was, we essentially have less work that needs to be done by employees that we have," says Hoffmann.

The layoffs will affect the entire Customer Service and Document Administration Departments, as well as one smaller office.

"So as wee look at our servicing Department, there's less work there to be done and growth has slowed down. We have a need for less employees, so it just came down to where these employees were located."

The layoffs will leave a remaining 215 Nationstar employees at the Scottsbluff facility, as well as 50 contractor positions who are not Nationstar employees.

Hoffmann says that none of these positions will be outsourced overseas, it was just a matter of less growth for the company, and a need for fewer employees.

Employees were given a severance package as they begin to look for their employment opportunity.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KDUH. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.