Major Mortgage Lender Newrez Announces Further Job Cuts in Denver Area

A major mortgage lender with offices across the country is cutting an additional 187 positions at its Greenwood Village office after announcing a total of 420 job cuts in two previous rounds of layoffs.

Pennsylvania-based Newrez said the latest layoffs will begin Aug. 26 and will likely be permanent. The company notified the Colorado Department of Labor and Employment of the reductions in a June 27 worker adjustment and retraining notice.

Newrez sent a letter in May informing the state that 103 jobs would be cut and a letter on June 6 regarding an additional 317 positions to be cut in stages.

“We take all personnel decisions very seriously and are committed to supporting impacted employees throughout 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 whether the office will remain open.