HSBC trimming mortgage loan jobs

September 27, 2013 Updated May 4, 2010 at 7:05 AM EDT

By Business First of Buffalo - by Allissa Kline

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September 27, 2013 Updated May 4, 2010 at 7:05 AM EDT

Eighty mortgage loan employees at HSBC Mortgage Corp. in Depew are being let go at the end of the month.

The bank told employees April 26 about the job cuts, HSBC spokesperson Kate Durham said. It is eliminating the mortgage loan operations role in order to "enhance operational efficiency," she said.

The bank wants to place "as many affected employees as possible" in positions currently open in Western New York, Durham added.

"We are working closely with the affected individuals to help them identify potential opportunities elsewhere within HSBC," she said.

Durham declined to comment on the current numbers and types of open positions, but the bank's Web site shows local jobs in customer service, branch banking, underwriting, marketing and project management.

More than 1,000 employees currently work at the Depew site, Durham said. The facility laid off 225 employees in November 2008 when the bank decided to close its wholesale and third-party correspondent mortgage business.