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Saxon Mortgage Slashes 680 Jobs in Irving, Fort Worth

The same week that 12 twisters reportedly touched down in Dallas/Fort Worth, residents got wind of that ""Saxon Mortgage Services"":https://www.saxononline.com/common/home/ will close shop at two addresses and terminate nearly 700 employees.


The firm ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô recently under new ownership at ""Ocwen Financial Corp."":http://www.ocwen.com/ ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô notified the ""Texas Workforce Commission"":http://www.twc.state.tx.us/ and mayors of the cities of Fort Worth and Irving that it plans to move forward with 680 layoffs.

The company said that it is ""implementing a permanent phased shut down of its facilities"" at office locations off 4700 Mercantile Drive in Fort Worth and 3701 Regent Boulevard in Irving.

Saxon Mortgage said that it had also informed employees of their eligibility for job retraining, reemployment services, and other state services for displaced workers.

Among many, the list of layoffs includes asset managers, fraud investigators, SVPs, VPs, and various other specialists.

This isn't the first time for a storm of job cuts to strike brokers and originators in Dallas/Fort Worth. In February life insurer ""MetLife"":http://www.metlife.com/ slashed 804 jobs at two locations in the area.

In unrelated news, the city suffered from a batter of storms Tuesday responsible for destroying homes and properties in Arlington, Lancaster, and others, according to several news outlets.

About Author: Ryan Schuette

Ryan Schuette is a journalist, cartoonist, and social entrepreneur with several years of experience in real-estate news, international reporting, and business management. He currently lives in the Washington, D.C., area, where he freelances for DS News and MReport.

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