A Wells Fargo Home Mortgage office in Bellevue has announced that it will close, relieving 114 employees of their jobs, a spokeswoman said June 22.
The unit, located at 600 108th Ave N.E., focused on loan modifications nationwide, said Wells Fargo spokeswoman Lara Underhill. The office’s closure will not have an effect on loan modifications in Washington state, she said.
The employees will receive full benefits and pay through Aug 22, at which time some employees will be eligible for a salary continuation program depending upon their years of experience with the company.
They have also been encouraged to apply for other positions internally, she said, although some positions may cause them to relocate to other regions of the country.
The company’s decision stemmed from building’s lease coming up for renewal.
The office will remain open for business and anticipates that it will close by July 31.