Wells Fargo announced today that it is closing a mortgage processing center in Durham, a move that will eliminate 62 jobs.
The decision to close the Durham office and shift its operations to an existing mortgage processing center in Charlotte was triggered by declining mortgage volume, said company spokeswoman Christine Shaw.
The Durham office is part of Wells Fargo Home Mortgage, a division of Wells Fargo Bank.
Last year San Francisco-based Wells Fargo acquired Wachovia after the Charlotte-based bank veered to the brink of insolvency, creating a bank with 6,650 U.S. branches, more than any other bank. But the Durham mortgage processing center was established by Well Fargo well before it