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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Navigating the Dynamics of Mortgage Origination in 2023
Explore the latest trends in mortgage origination, including impacts of interest rate fluctuations, housing market dynamics, and technological advancements.
Estimated reading time: 0 minutes, 19 seconds
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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