Wells Fargo Mortgage Cutting 130 Team Members in Twin Cities

Wells Fargo Mortgage Cutting 130 Team Members in Twin Cities Photo: Matt Rourke/AP

June 21, 2018 06:06 PM

Wells Fargo Home Mortgage has confirmed the company is reducing 130 team members in the Twin Cities.

Company spokesperson John Hobot said the decision was made after evaluating market conditions and consumer needs, and to "better align with current volumes."

Advertisement

RELATED: Wells Fargo Agrees to Pay $480M to Settle Shareholder Suits

"Wells Fargo Home Mortgage is committed to retaining valued team members and, where possible, we work to identify other opportunities within Wells Fargo," read part of a statement.

"The team members affected by these changes have each been an essential part of our success. We will do everything we can to make them aware of other job opportunities within Wells Fargo, or support them as they transition to the next phase of their careers."

RELATED: Wells Fargo to Pay $1B for Mortgage, Auto Lending Abuses

Credits

Frank Rajkowski

Copyright 2018 - KSTP-TV, LLC A Hubbard Broadcasting Company

Advertisement

Police Set Up Perimeter Around Courthouse and Government Center in Anoka

Mental Health Counselors Reach Out to Classmates of Slain Chanhassen Teen

Judge Temporarily Halts Deportation of Families Recently Reunited

Mora, Surrounding Communities Continue to Battle Rising Floodwaters

Getting X Games Up and Running is an Extreme Task in Itself

Amazon's Prime Day Runs Into Snags Swiftly

Advertisement