North Carolina layoffs planned by Wells Fargo & Co. bring to more than a thousand the number of mortgage production jobs that have been recently eliminated.
Earlier today, a Wells Fargo spokesman confirmed that 200 jobs were being eliminated in Des Moines, Iowa. The layoffs were on top of 142 Des Moines layoffs reported last month.
They were also in addition other February layoff activity including 200 St. Louis employees who were given notice, 145 wholesale employees let go last month in Southern California and 100 Texas positions that were eliminated.
Now, over and above those nearly 800 jobs, more cuts are happening in North Carolina.
In a telephone interview today with Mortgage Daily, Wells Fargo spokesman Jason Menke said that nearly 260 more employees will be laid off in Wilmington, N.C.
Menke explained that the Wilmington layoffs are loan origination jobs. These include jobs that involve taking and processing applications.
While most of the other recent mortgage layoffs at Wells Fargo have been tied to interim positions that were temporarily added to meet higher refinance production, Menke said that only some of the Wilmington layoffs fall into this category.
