Thread regarding Wells Fargo & Co. layoffs

Big layoffs in mortgage underwriting

Anyone hear anything ?

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| 1491 views | | 6 replies (last April 25, 2024) | Reply
Post ID: @OP+1scgiK5J

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https://finance.yahoo.com/news/wells-fargo-expands-down-payment-172700210.html
Wells Fargo Expands Down Payment Grant Program to Help Bridge Homeownership Gap
For now it looks like mortgage is somehow cycling up. All the processing will be done in India.

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Post ID: @1trl+1scgiK5J

I heard they will be hiring additional underwriters in the near future.

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Post ID: @1ijg+1scgiK5J

Must not work here if you think we are exiting home lending. We have changed approach but not exiting at all.

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Post ID: @1xrg+1scgiK5J

I thought WFC was exiting home lending? Shouldn't they all be gone? Now time to scrap the whole DEI team.

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Post ID: @1uhm+1scgiK5J

I’m actually surprised there are that many mtg team members left

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Post ID: @1thp+1scgiK5J

No, but that’s one of the most cyclical jobs you can have. Big swings in bo-m or bust. Regardless, if it’s true, my best wishes go out to all affected.

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Post ID: @tvu+1scgiK5J

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