Genpact Mortgage Services to lay off 65 employees in Richardson, TX

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As further proof of that, Genpact Mortgage Services Inc ., a wholly-owned subsidiary of Genpact International Inc ., advised the Texas Workforce Commission this past week that it intends to lay off 65 employees – eight of them salaried workers, the rest hourly positions.

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Genpact End to End Lean Workout in Mortgage Richardson, TX, USA Faced with increasing competition in the U.S. mortgage industry, Genpact enabled its client, a leading originator, to reduce origination turnaround time by 41 percent, which increased origination cycles by 3.9 per year and generated $150.2 million in business impact for the client.

Are servicers finally off the CFPB’s hit list? MBA said that it appreciates CFPB’s efforts to create reasonable national standards for mortgage servicing but stressed the importance of paying attention to cost/benefit change and being mindful.