In September, Citi cut fewer than 100 positions from its mortgage team, citing “internal streamlining of functions.”
Wells Fargo, JPMorgan, USAA, PacWest and Flagstar have also laid off significant numbers of mortgage employees in recent months.
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Adapting to Interest Rate Fluctuations: A Guide for Mortgage Originators This article discusses the implications of interest rate fluctuations on mortgage originators and suggests strategies for adapting, including diversifying loan pipelines and leveraging technology.
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Citigroup Adds to Mortgage Job Cuts
Citigroup has shed mortgage underwriting jobs as part of hundreds of cuts that also affect investment banking and technology. So reports Banking Dive.
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