Clogged foreclosure pipeline may lead to DJSP layoffs

Clogged foreclosure pipeline may lead to DJSP layoffs

Clogged foreclosure pipeline may lead to DJSP layoffs

DinSFLA here: Side note…DJSP recently signed what may be the largest lease in Orlando this year. They plan to open a 12,870-square-foot in Highwoods Properties’ Landmark Center Two, near Lake Eola.

by Austin Kilgore September 9, 2010

The clogged foreclosure pipeline is delaying new foreclosure filings, and Florida-based processing services firm DJSP Enterprises said it’s considering layoffs to deal with the decreased business.

DJSP Enterprises’ main client is The Law Offices of David J. Stern, P.A. (DJSPA). In the DJSP Enterprises second quarter 2010 and mid-year earnings report released this week, the company said a slow down in new foreclosure filings will likely necessitate cost cutting and personnel layoffs. The company said it initially believed file volume would increase in the third quarter, leading to the decision to maintain current staffing levels. However, file volumes continue to be delayed and existing staffing levels are not sustainable indefinitely, the report said.

“While a large portion of our business can only be processed with human capital, we are identifying opportunities where technology and process change can be implemented to create efficiency,” recently-appointed DJSPA President and COO Richard “Rick” Powers said in the financial statement. “We are prepared to create efficiencies and make cuts where appropriate over the next three to six months.”

Continue reading ….REO Insider

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3 Responses to “Clogged foreclosure pipeline may lead to DJSP layoffs”

  1. PJ says:

    pissed off investors, angry homeowner’s, questioning FL AG, now discarded unemployed staff, look for those laid off to sing like canaries and take advantage of money being offered by the DOJ for exposing fraud…

  2. dinsfla says:

    PJ,

    Well said.

    I invite any and all to come here and vent. We would love to hear from you… You can always remain anonymous 🙂

    Damian-

  3. PJ says:

    For all those soon to be laid off DJSP employee’s… get statted cause there is money to be made in exposing the fraud!

    http://www.whistleblowers.org/

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