BMO lending changes may eliminate Marshfield jobs
By Hub City Times staff
MARSHFIELD – Chicago-based BMO Harris Bank is eliminating 170 mortgage lending positions as it moves to a centralized office for providing mortgages to customers.
The change may remove staff positions at BMO’s Marshfield locations.
“We continue to be committed to providing mortgages to our customers,” said BMO spokesperson Patrick O’Herlihy. “It’s a very important business for us. Our move to a centralized model for providing mortgages will not affect the service we provide our customers. In fact, there are a number of benefits to this centralized model, including: Immediate availability of a mortgage banker, quicker responsiveness, quicker turnaround, (and) all expertise under one roof.”
This will also lower the number of lenders needed throughout the company.
“The number of employees affected by this change is a very small percentage of our overall U.S. banking team, and for those that are affected, we are working with them to try to find other roles in the bank,” O’Herlihy added.
O’Herlihy would not comment on the Marshfield lending positions.