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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Citigroup has shed mortgage underwriting jobs as part of hundreds of cuts that also affect investment banking and technology. So reports Banking Dive.
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.