4 factors weighing down housing in the second half of 2014

Altos: Critics wrong about housing, it’s going to soar

2015 will see notable price appreciation

The real reason Fannie and Freddie don't do principal modifications

Looking out for your retirement
W S

Wells Fargo Home Mortgage closing operations site in Concord

/ Print / Reprints /
| Share More
/ Text Size+
Wells Fargo Home Mortgage is closing its wholesale lending operations site in Concord, Calif., the bank subsidiary said Monday. The facility processes loans for third-party mortgage brokers. Wells said it will consolidate its work from the Concord center into its Irvine, Calif., operations. The 137 affected staff members will receive a 60-day notice, and Wells Fargo said they have the opportunity to apply for other positions within Wells Fargo. "We're adjusting business to ensure that we continue to meet business targets related to service, productivity and profitability. To be successful, we must consistently meet these targets,” said Kathleen Vaughan, executive vice president for Wells Fargo's wholesale lending business. "The changes we're making allow us to operate in the most economical and efficient manner possible, while still serving our broker clients." Write to Christine Ricciardi.

Recent Articles by Christine Ricciardi

Comments powered by Disqus