Business

Bank of America to cut 156 mortgage jobs, including 36 in Fort Worth

Bank of America plans to lay off 156 workers in North Texas, including 36 at an office on Amon Carter Boulevard in Fort Worth, it disclosed in filings with the state on Monday.

In a written statement, bank spokesman Rick Simon said the cuts affect mortgage operations, both loan servicing and loan originations. The Fort Worth facility dealt with loan defaults, he said.

“As we continue to resolve the needs of customers with delinquent loans, we are reducing the size of the operations that support these specialized programs,” Simon said. “The number of delinquent mortgage loans we service has decreased to one-fourth the peak levels.

He said the bank is working with affected employees to identify job opportunities both inside and outside the bank.

The Fort Worth layoff and two others, one in Addison and one in Plano, are effective April 13, while a fourth, in Richardson, is effective April 23, Bank of America said in required filings with the Texas Workforce Commission.

Bank of America, like other big home lenders, has announced it will cut thousands of related jobs. JPMorgan Chase and Wells Fargo have also announced mortgage-related cuts.

  Comments