6 secrets to dealing with regulations for mortgage servicers

6 secrets to dealing with regulations for mortgage servicers

A candid look from the perspective of 2 recovering regulators

First-time buyer GSE mortgage loans are getting far riskier

Risk index for agency mortgages for new buyers at series high

NASDAQ to delist Home Loan Servicing Solutions

Next shoe in New Residential deal drops
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