A corporate decision to leave the mortgage services business has put 10 people out of a job in Wesley Chapel.
Springleaf Financial has filed a Worker Adjustment and Retraining Notification, or WARN, with the Florida Department of Economic Opportunity, saying it plans to cut those jobs beginning in October. The office, according to the notice, is located at 2533 Windguard Circle, Unit 101, in Wesley Chapel, just across from Florida Hospital Wesley Chapel off Bruce B. Downs Boulevard.
“Springleaf has decided to sell its mortgage services business,” the Indiana-based company told The Laker/Lutz News, in a release. “In conjunction with the sale, the company plans to close its facility in Wesley Chapel. This was a difficult decision, and where possible, we are working to place affected staff in new positions within the company.”
The sale of the mortgage service division was part of nearly $7.2 billion worth of divisions Springleaf recently decided to part ways with.
“These transactions represent a major milestone for Springleaf, bringing us to the point where we have effectively eliminated our exposure to mortgages,” Springleaf president and chief executive Jay Levine said in a release earlier this month. “These sales gives us tremendous flexibility to grow our business through organic and inorganic means.”
Springleaf provides loans and other credit-related products to more than a half million families in 26 states, as well as Puerto Rico and the Virgin Islands, according to the company’s website. It also provides bill consolidation loans, personal loans, home improvement loans, and loans for unexpected expenses and vacations.
The company went public in 2013.