PLANTATION, Fla., Nov. 5, 2010 (GLOBE NEWSWIRE) -- DJSP Enterprises, Inc. (Nasdaq:DJSP) (Nasdaq:DJSPW) (Nasdaq:DJSPU) today announced that it has instituted further staff reductions as a result of announcements by Fannie Mae and Freddie Mac that they had terminated their relationships with DJSP's primary client, The Law offices of David J. Stern P.A. DJSP has reduced its staffing levels by an additional 416 employees bringing the total number of layoffs to more than 700 since the reduction in staff was initiated.
About DJSP Enterprises, Inc.
DJSP provides a wide range of processing services in connection with mortgages, mortgage defaults, title searches and abstracts, REO (bank-owned) properties, loan modifications, title insurance, loss mitigation, bankruptcy, related litigation and other services. Our principal customer is The Law Offices of David J. Stern, P.A. ("DJSPA"). We are headquartered in Plantation, Florida, with additional operations in Louisville, Kentucky and San Juan, Puerto Rico. Our U.S. operations are supported by a scalable, low-cost back office operation in Manila, the Philippines that provides data entry and document preparation support for our U.S. operations.