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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After laying off about 1,000 mortgage employees last year, Wells Fargo is expanding the division this year in anticipation of higher mortgage volumes, according to an internal memo. So reports Reuters.
The new positions will mainly be located in Des Moines, Iowa, and Minneapolis, the memo said.
It is not yet known how many people Wells Fargo, the largest U.S. mortgage originator, would hire, but the move came as banks prepped for more mortgage activity driven by lower interest rates.
