More than 20 top mortgage bankers, or branch and market managers focused on home lending, have left Wells Fargo over the past 12 months, according to people with knowledge of the exits and data from an industry-licensing service. The largest home lender among US banks is hemorrhaging top talent in the midst of one of the hottest housing markets in recent years. The most high-valued producers received special treatment, they said, while others found it difficult to compete.Insiders described a culture of heavy oversight and clunky technology that limited their ability to do business.More than 20 top mortgage lenders at Wells Fargo have left in the past year, while four of the bank's elite President's Club members have left since December.
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