Let’s fix mortgage and get us back to the top. Get rid of all these processing, underwriting and closing managers that are overpaid and sitting at home doing nothing. Bring back all the processors, underwriters and closers that we laid off with the cost savings of getting rid of lazy management. These people are the workers that got it done. hmcs are interviewing and leaving for companies that have talented workers. Wells Fargo’s idea of gathering all these inept people in 4 hub locations has failed miserably. Our customers builders and realtors are going to the competition. Stop the problem now before mortgage totally collapses and is destroyed permanently. And get Rid of the id--ts who thought this was a good idea in the first place. The stories about Wells Fargo getting out of the mortgage business must be true.
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Considering someone just posted concern that they may lose their second job by going back to the office, they should have reinstated RTO a long time ago.
I was shocked that WF would no longer offer or renew my HELOC... Charlie says to refinance and take the cash out..... Suze Orman should publicly shame him for that d!ck idea.
“Except for the $60 million give away to "people of color" to purchase homes ....with WF of course.”
Yea minorities with 500 FICOs are being given loans in the 3% range, they basically can’t be turned down. If it absolutely cannot be approved it has to go through like 3 levels of upper management review before it’s actually declined.
WFC is losing tons of money on the front end due to the terms being offered and then they’ll lose again when a high percentage of them default.
Of course if you’re white or Asian you don’t get the same deal.
Such a joke.
Where’s the class action lawsuit against WFC?
“They're not stories. Wells has come out and said the are re-tooling are basically stepping away from Retail Lending.”
Isn’t retail pretty much a core function of a depository bank?
Except for the $60 million give away to "people of color" to purchase homes ....with WF of course.
"The stories about Wells Fargo getting out of the mortgage business must be true"
They're not stories. Wells has come out and said the are re-tooling are basically stepping away from Retail Lending.
It’s not going to happen. Chainsaw and his merry band of pranksters let top talent walk out the door. They let go top producers and reduced the PMB role to nothing. JPM,
Citi, Truist, Fifth Third etc are snapping those folks up like crazy. WFHM is DOA.