The new layoffs come a month after Newrez said it was cutting 103 workers this summer.
GREENWOOD VILLAGE, Colo. — A national mortgage loan originator business appears to be cutting hundreds of more positions at its Denver-area offices this summer, adding to the layoffs it previously announced last month.
Newrez LLC is permanently letting go of 271 employees starting Aug. 2 from its offices in Greenwood Village, 6200 S. Quebec St., according to a notice provided to the Colorado Department of Labor and Employment.
The layoff notice sent Tuesday follows a May 2 notification that it would lay off 103 workers in July.
The job cuts at NewRez LLC are the result of consolidation following a $720 million deal to buy Computershare Mortgage Services Inc. by Newrez LLC’s parent company, New York City-based Rithm Capital Corp. (NYSE: RITM), an alternative asset management business.
> Top stories from 9NEWS curated daily just for you! Sign up for the 9NEWSLETTER right now to get can’t-miss stories, Next and Broncos content, weather and more delivered right to your inbox.
More 9NEWS business coverage:
SUGGESTED VIDEOS: Colorado real estate market
9NEWS+ has multiple live daily shows including 9NEWS Mornings, Next with Kyle Clark and The Culture Report, an original streaming program. 9NEWS+ is where you can watch live breaking news, weather updates and press conferences. You can also replay recent newscasts and find videos on demand of our top stories, local politics, investigations and Colorado specific features.
To download 9NEWS+ on Roku search for KUSA.
To download 9NEWS+ on Fire TV search for 9NEWS.
