Hundreds of layoffs planned next year in South Dakota by Ditech Financial LLC will push the number of layoffs over the prior couple of years at the struggling company past 1,300.

Ditech said in a written statement to Mortgage Daily that it has been conducting a thorough evaluation process to determine which locations to shudder.

According to the Fort Washington, Pennsylvania-based company, deciding which locations should remain open is based on those that will best accommodate long-term business requirements and customer needs.

Source: Mortgage Daily