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Borrowers were more than twice as likely to use a lender they found online in 2018 as they were in 2017, making search engines the mortgage industry's top source of referrals.
March 12 -
The company will shutter the offices it inherited when it bought EverBank in 2017 and focus on lending to existing customers through digital channels. U.S. Bank will assume the leases on about 25 properties.
February 21 -
Altisource Portfolio Solutions plans to discontinue its buy-renovate-lease-sell business for single-family homes and sell its short-term inventory in order to cut costs and repay debt.
November 26 -
Wells Fargo will lay off 1,000 workers primarily from its mortgage unit in the first major round of a previously announced plan to cut the bank's workforce by as much as 10% over the next three years.
November 15 -
The cuts are part of a broader effort to trim expenses by roughly $3 billion a year by 2020.
September 20 -
Banks could shed as much as 20 million square feet of office space over the next five years as they shift many functions to high-tech operations centers in markets with cheaper rents.
July 6 -
The Seattle company is firing 127 people, or a tenth of its mortgage staff, after enduring months of slow activity.
June 14 -
The Seattle company has faced criticism from an investor over its commitment to the business, which lost money in the first quarter.
April 24 -
The bank will spend an additional $1.4 billion on technology in 2018 to gain share and boost efficiency, executives said Tuesday. But they were peppered with questions about whether the big investment will yield a big financial return down the road.
February 27 -
The company said it will lay off more than a dozen employees in a move that reflects the current volume of mortgage loan originations.
December 15