"We took rapid and decisive actions last quarter to reduce capacity," Chris Marshall, vice chairman and president of Mr. Cooper, told analysts during a call."As a result, we were roughly breakeven in the fourth quarter and are now on track for positive results."Jay Bray, chairman and CEO of Mr. Cooper, said that last October, as mortgage rates were trending higher, Mr. Cooper eliminated 1,000 positions, most of them in originations.
#years #approximately #fourth-quarter #efficiently #staff-members #strategically #mortgage-rates #wells-fargo
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