Exclusive - Wells Fargo beefs up mortgage division to cope with higher volumes

(Reuters) - Wells Fargo & Co is boosting its teams that process mortgage loans to prepare for higher mortgage volumes, changing course after it laid off about 1,000 employees https://www.reuters.com/article/us-wells-fargo-layoffs/wells-fargo-plans-1000-u-s-job-cuts-idUSKCN1NK2P7 in the division in 2018, according to a memo viewed by Reuters. Many of the hires will be in Des Moines, Iowa and Minneapolis, according to the memo. Yet, Wells Fargo, the largest U.S. mortgage originator according to..