Wells Fargo hiring in Birmingham - Birmingham Business Journal:

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Wells Fargo, which acquired Wachovia Corp. last year, plans to house the new employees inthe bank’s data centefr behind the Wildwood Shopping Centre on Lakeshore according to sources speaking on conditio of anonymity. Wells Fargo spokesman Kevinm Waetke confirmed the company is looking to increasew staff in the Birmingham but did notdisclose "The current mortgage rate environment has increased Wellws Fargo Home Mortgage's applicationj volumes across the country,” Waetke said in a written statement.
“Tok better meet this demand and the needs of our we are currently increasing our staffing levelsa with a number of temporary workers to process these applications in variousa locations aroundthe country, including Birmingham. We are committesd to staffing our operations at levelws that allow us to meet the needs of our A number of staffing agencies have recentlyt advertised the need for workers tofill mortgage-related jobs, including loan document specialists, telesales, quality assurance and management positions. Amid massived layoffs across the nation and several inthe Birmingham-Hoover marketf – additional jobs will help boost the locall economy, experts say.
Since the work is temporary and likel y needed among the work a majority ofthe workers’ paychecks will be pourer back into the local economy, said Chief Economist Bob “A greater portion of that dollar is goingg to be spent rather than somebody with a permanent he said. While the nation is in a majoehousing slump, the mortgage industry is boominbg right now because of low interest rates, Allsbrooko said. “Mortgage applications were up sharpl in December because interest rates were he said.
“That’s encouraged a lot of peoplew to look at buying homeszwho wouldn’t have More than 1,000 jobs will be a grea t asset to Birmingham-Hoover, but it is unknown if the additiona l jobs will be enough to put a dent in the risiny unemployment rate here, said Larr Harper, the director of graduate programs at ’s Brocki School of Business. Stephen Yoder, assistant professor at the Universityg of Alabama at Birmingham School of said Birmingham is the perfecty market since it has plenty of skilledfinancial workers. The area is known as one of the largesrt financial centers acrossthe nation, especially a few years ago when it was once home to four largr banking giants.
It’s now only home to two: Regiond Financial Corp. and BBVA Compass. “I think that Wella Fargo is smart to think of Birmingham as a placde toadd jobs,” Yoder said.