Mortgage lending firm Newrez eliminating 53 jobs in Jacksonville

The company opened an office in Baymeadows in 2020 after acquiring Ditech Financial.


  • By Mark Basch
  • | 9:02 a.m. May 7, 2024
  • | 4 Free Articles Remaining!
Newrez is a leading mortgage company based in Fort Washington, Pennsylvania.
Newrez is a leading mortgage company based in Fort Washington, Pennsylvania.
  • Business
  • Share

Mortgage lending firm Newrez LLC filed a notice May 2 under the Worker Adjustment and Retraining Notification Act saying it is cutting 53 jobs at its Jacksonville office at 8800 Baymeadows Way W.

The layoffs will take place July 1 and affect various positions.

A Newrez spokesman said by email the company could not comment on the layoff and on how many employees remain in its Jacksonville office.

Newrez is a subsidiary of Rithm Capital Corp., a publicly traded company that describes itself as an asset manager focused on real estate, credit and financial services.

A Rithm representative also said the company would not comment.

Newrez opened its Jacksonville office in 2020 after acquiring assets of Ditech Financial. It hired 90 former Ditech employees and said at the time it intended to add at least 100 more workers.

Newrez is based in Fort Washington, Pennsylvania. 

 

×

Special Offer: $5 for 2 Months!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.