MetLife Inc. is closing its mortgage origination business operations, at a cost of about 50 jobs in Clark County and 4,300 across the nation, the company announced Tuesday.
MetLife has fewer than 50 local employees working in its three Vancouver offices, which are at 400 E. Mill Plain Blvd, suite 300; 821 S.E. 160th Ave.; and 1200 NE 99th St.
“Those jobs will go away,” said John Calagna, a spokesman in New York.
The company will continue processing loan applications in the pipeline, and employees will receive at least 60 days’ notice of their termination date, he said. They will be given severance and can apply for other jobs within the company, he said. Some sales jobs will be eliminated at the end of this month, he said.
MetLife will still sell reverse mortgages and will continue to service its existing loans and operate its loan call centers, Calagna said