AMHERST — A document processing firm connected with an embattled New York foreclosure law firm is going out of business.
Pillar Processing Inc. in suburban Buffalo notified the New York state Department of Labor on Wednesday that it will close at the end of February, putting 586 people out of work in Amherst and 18 more in Westbury on Long Island.
Pillar was begun by attorney Steven J. Baum, whose law firm is one of the largest-volume mortgage foreclosure firms in New York. The Baum firm, with 90 employees, last week revealed its plans to close after enduring criticism for a Halloween party that mocked the homeless and then losing referrals from Fannie Mae and Freddie Mac.
Pillar was spun off to private-equity firms but shared office space with Baum.