In addition to addressing the fallout from the fake account scandal, Wells Fargo & Co. is working on a product to compete with Rocket Mortgage and mello.

The San Francisco-based bank-holding company spent much time during its investor day on Thursday addressing the impact and changes from the fake account scandal.

Wells Fargo raised its estimate of branch closings for this year and next year, and it talked about testing a Facebook Messenger chatbot to interact with customers.

Source: Mortgage Daily