|
|||
Wachovia Corp.’s consolidation of its wholesale operations will result in layoffs in Connecticut.
The regional wholesale fulfillment center in Waterbury will close doors early next year and eliminate 74 positions, Wachovia spokeswoman Kailynn Emmel informed MortgageDaily.com in an e-mail statement. The move is part of a previously announced decision to integrate American Mortgage Network and Wachovia Mortgage Corp.’s third-party lending businesses, she added. The combined businesses, which had total production of $19 billion in 2005, formed a new unit under the name of Wachovia Securities Wholesale Mortgage, according to the September announcement. About a year ago, Wachovia acquired the wholesale lender, which Emmel said has 28 offices. AmNet’s business will be handled in Shelton, Conn., and Wachovia’s wholesale business will be redirected to Scottsdale, Ariz., the spokeswoman said. |
|||
Coco Salazar is an assistant editor and staff writer for MortgageDaily.com.e-mail: MortgageWriter@aol.com |
FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.
Amortization Calculator
Affordability Calculator
Mortgage Calculator
Refinance Calculator
FHA Mortgage Calculator
VA Mortgage Calculator
Real Estate Calculator
Tags
Pre-Approval Resources!
Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…
Resource Center
Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.
TOP SEARCHED TOPICS
Your mortgages approval starts here.
Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.
Stay Up To Date with Today’s Latest Rates
Mortgage
Today’s rates starting at
Home Refinance
Today’s rates starting at
Home Equity
Today’s rates starting at
HELOC
Today’s rates starting at