Hundreds of positions in USAA’s real estate lending and rewards divisions are being eliminated. Affected employees work at locations in three states.

Positions in the San Antonio, Texas-based financial institution’s real estate lending and real estate rewards network operations are being eliminated, the company said in a written statement.

The layoffs will take effect in mid-November, the statement said. Employees affected by the job cuts are located in San Antonio, Texas; Tampa, Florida; and Phoenix.

Source: Mortgage Daily