Wells Fargo closes Grand Junction mortgage center
Wells Fargo announced to employees Wednesday it will close its mortgage-application-processing center in Grand Junction.
The closure will affect 55 local employees. The bank will attempt to find jobs in other Wells Fargo departments for “as many of those employees as possible,” Wells Fargo Colorado spokeswoman Cristie Drumm said.
Processing center employees were given 60 days notice that their jobs will end. They will receive pay and benefits through July 18, Drumm said.
Most of the employees were full time, but a few had been hired on short-term assignment.
Wells Fargo announced March 23 it would lay off 85 employees from its Denver mortgage-application-processing center. Those employees will receive pay and benefits through Monday.
Local processing center employees work on a variety of mortgage applications from across the nation, both for refinancing and new homes. Changes in demand for mortgage-processing services were not part of the reason why Wells Fargo decided to end 55 positions this week, Drumm said.
“Earlier in the year, we were seeing some slowdown in the refinance area because with rates as low as they are, people did a lot of refinancing last year. But things seem to be picking up again or restabilizing, at least,” Drumm said.
The decision to close the center was about efficiency, she said.
“We’re trying to look at all of our centers, all of our operations, and see where we can be more efficient,” Drumm said.