Sources familiar with the matter told the news service that the job cuts were nationwide.
Wells Fargo had already laid off thousands of mortgage employees as higher interest rates ended the pandemic-era home-lending surge.
Examine the current trends influencing mortgage origination, including interest rate shifts, regulatory challenges, and technological advancements in the mortgage industry.
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Wells Fargo has conducted another round of layoffs to its mortgage division, jettisoning hundreds of employees. So reports Bloomberg.
Sources familiar with the matter told the news service that the job cuts were nationwide.
Wells Fargo had already laid off thousands of mortgage employees as higher interest rates ended the pandemic-era home-lending surge.