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Wells Fargo to close Grand Junction mortgage processing center

Wells Fargo plans to close a mortgage processing center in Grand Junction, a move that will affect 55 employees.

Cristie Drumm, a spokeswoman for Wells Fargo, told the Business Times the center will close over the next 60 days as mortgage application processing is transferred to other centers around the country.

“This is a very hard decision to make and there’s a lot of concern for the team members,” Drumm said. “So we want to do everything we can to help them find other positions or help them do whatever they want to do.”

The closure is part of efforts to streamline operations and reduce costs to make Wells Fargo more competitive, Drumm said. Staffing at a mortgage processing center in Denver also was reduced several months ago. “This will allow us to stay competitive in the mortgage market and still meet the needs of our customers,” she said.

Employees at the Grand Junction center will receive pay and benefits through July 18, Drumm said. Employees also will receive assistance in finding other positions with Wells Fargo or exploring other opportunities, she said.

 

Phil Castle is editor of the Grand Valley Business Times, a twice-monthly business journal published in Grand Junction. Castle brings to his duties nearly 30 years of experience in editorial management positions with Western Colorado newspapers. In addition, his free-lance work has appeared in a variety of publications, including the Washington Post. He holds a bachelor's degree in technical journalism from Colorado State University.
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Posted by on May 18 2011. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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