Wells Fargo disclosed that a software error contributed to hundreds of their customers losing their homes. In a filing with the Securities and Exchange Commission on Tuesday, the bank said that it discovered 870 customers who were improperly denied loan modifications due to a defective underwriting tool. The cases, which were processed between March 2010 and April 2018, ultimately resulted in 545 foreclosures. The errors, which were identified after the bank expanded an internal review, […]
source https://therealdeal.com/2018/11/06/wells-fargo-software-error-led-to-hundreds-of-home-foreclosures/
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