| Wells Filling 250 Mortgage Sales Positions
New employees to serve minority communities October 26, 2004 By PAULA PARISOT |
| Wells Fargo Home Mortgage plans to add hundreds of new mortgage positions — with many slated to serve minority communities.
The Des Moines, Iowa-based company has put into place a plan to open 30 new stores in diverse neighborhoods and hire more than 250 individuals to fill newly created positions within their sales department, including multi-lingual home mortgage consultants. Wells is making the move in an effort to reach more African American, Hispanic and Asian American borrowers. Company spokeswoman Hillary John told MortgageDaily.com that 100 of the new hires are designated to work in the Bay area alone and would be dedicated to the emerging markets targeting the minority population. “The expansion has already begun and will follow through the remainder of the year,” added John. Wells says it was the nation biggest residential originator in 2003 and currently employs 146,000 people. The lender announced earlier this year the addition of 100 new home loan consultants and the opening of six new banking centers — half of which were slated to be located in low-to-moderate income and multicultural areas of Los Angeles. |
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Paula Parisot is a freelance writer for MortgageDaily.com. In addition to 4 years’ journalism experience at other news publications, Paula has worked in the mortgage industry. Email Paula at: realitycheck@klondyke.net |
