Walls Fargo has reportedly cut even more positions from its mortgage division—following several other rounds of cuts since the beginning of the year as origination volume has declined.
While the country’s largest depository lender declined to say how many employees were let go last week, Bloomberg is reporting the hundreds of employees were laid off.
“We regularly review and adjust staffing levels to align with market conditions and the needs of our businesses,” a spokesperson for Wells Fargo told HousingWire.