RALEIGH (AP)—
Wells Fargo is closing a mortgage
processing center in North Carolina, eliminating 62 jobs at an
office in Durham.Multiple media outlets reported the San Francisco-based bank is moving the work to an existing mortgage processing center in Charlotte.
Company spokeswoman Christine Shaw says the cuts have been sparked by a drop in refinanced mortgages.
The mortgage processing center was opened by Well Fargo in Raleigh in 2004 and moved to Durham in 2007.
The Durham center closes at the end of the month. The company says the employees will be given special consideration for jobs at Wells Fargo and Wachovia offices. Wells Fargo bought Wachovia last year and plans to rename all the branches to Wells Fargo in 2010.
