Wells Fargo Mortgage Hires Could Be On The Way
After 2018's cuts and layoffs, it looks like Wells Fargo is looking to grown its mortgage business with a reported mortgage hire push on the way. The push, according to the report is thanks to a rising number of originations.
"Interest rates have fallen for much of this year, and the latest projections are that those low interest rates are going to make 2019 the best year for mortgage originations since 2016," according to HousingWire.
"And as a result, just one year after cutting more than 1,000 jobs from its mortgage business, Wells Fargo is now reportedly preparing to staff back up to keep up with the current mortgage environment. "
The company plans on producing higher mortgage volumes which means strengthening its mortgage team to process more loans.
To learn more about Wells Fargo's possible hire push, click on the image above.