In September, Citi cut fewer than 100 positions from its mortgage team, citing “internal streamlining of functions.”
Wells Fargo, JPMorgan, USAA, PacWest and Flagstar have also laid off significant numbers of mortgage employees in recent months.
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Do You Have a Quality Mentorship Program?The purpose of a mentorship program is to facilitate field training for new hires that are not experienced so that they will receive the support they need to transition into productive members of the sales force. Having a mentorship program will also relieve the burden on branch managers who are then freed up to recruit additional producers and provides management field training/experience to senior-level producers.
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Citigroup Adds to Mortgage Job Cuts
Citigroup has shed mortgage underwriting jobs as part of hundreds of cuts that also affect investment banking and technology. So reports Banking Dive.
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