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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The Current Landscape of Mortgage Origination: Trends and Challenges
Explore current trends and challenges in the U.S. mortgage origination market, including interest rate fluctuations, digital mortgage solutions, and compliance needs.
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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