Many final layoffs in processing and underwriting. The few sales people left are leaving. Charlie needs to finish whacking mortgage so he can move on to the bank to start axing people
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The only hub that's safe in the US is the fake one in NYC. Everything else goes eventually. I don't care what hub you're in now, it won't last if it's in the US. Plan accordingly.
Frankly, given the strategic direction of the mortgage business, I am shocked that we haven’t had more drastic layoffs in Des Moines and Minneapolis. Something doesn’t add up.
The Cease and Desist order restricts the Wells Fargo from acquiring certain third-party residential mortgage servicing and requires the bank to ensure that borrowers are not transferred out of the bank’s loan servicing portfolio until remediation is provided.
Charlie's dream state is no US employees at all and everything run from India. The only thing getting in his way is that he doesn't want to live in India so at the end of it there is only one US job that is actually safe.
I think people !n Charlotte thought they were safe being in a hub. Well guess again! NO ONE IS SAFE!!!! You will be axed in a hub just like remote.