“Citi has made a small number of staffing reductions within our mortgage team due to internal streamlining of functions," a company spokesperson told the news service.
Another source said that fewer than 100 roles were affected.
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Navigating the New Terrain of Mortgage Originations
Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.
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Citigroup Joins Wells Fargo in Laying Off Mortgage Pros
Citigroup has followed competitors such as JPMorgan Chase and Wells Fargo in cutting mortgage jobs. So reports Bloomberg.
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