A major mortgage lender with offices across the country is cutting 187 more positions from its office in Greenwood Village after having announced the elimination of a total of 420 jobs in two previous rounds of layoffs.
Newrez, based in Pennsylvania, said the latest layoffs will start Aug. 26 and will likely be permanent. The company notified the Colorado Department of Labor and Employment of the reductions in a Worker Adjustment and Retraining Notification dated June 27.
Newrez sent a letter in May notifying the state that 103 jobs would be cut and a June 6 letter about 317 more positions to be eliminated in phases.
“We take all personnel decisions extremely seriously and are committed to supporting affected employees through this transition,” a Newrez spokesperson said in an email Wednesday.
The company declined to say how many employees will remain in the Greenwood Village office after the job cuts or if the office will stay open.
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Newrez to dismiss 317 workers in Greenwood Village
The mass reductions follow the acquisition of Computershare Limited Services by Rithm Capital Corp., Newrez’s owner. Rithm closed the $720 million purchase in May.
Rithm said in a previous statement that it acquired companies affiliated with Computershare, including Specialized Loan Servicing LLC, which merged with Newrez. Layoffs at Newrez have been reported in Arizona and Florida.