I know that this probably doesn't help and to be honest, I am not sure what to make of it. But here goes ...
I had a similar problem with my XS (and my wife's XS Max) after the 14.7.1 update. In my (home) office, zero bars, no cell service. If I moved about the house, I could sometimes get one bar. Elsewhere around town, I would usually get one bar, but some drops. My wife got so aggravated that she switched on WiFi Calling and called it a day. Me, I went through all of the suggested remedies including factory reset, to no avail. As a desperate last gasp I switched from T-Mobile to AT&T. I popped in the new SIM, powered back up and after AT&T did their network thing, viola, 3 - 4 bars everywhere. Unbelievable. So I just put in the order to switch my wife's line over to AT&T. Even though T-Mobile had an awesome plan (two lines of unlimited plus hotspot for $70 a month), it's not much good if you can't get cell service. I should also say that I switched from AT&T to T-Mobile last fall to take advantage of the price/plan -- less than half of what I was paying for my AT&T plan, and that I never got really good cell service from T-Mobile (I live in kind of a rural area outside of a major metro city). But until this last update, I was at least getting consistent (one bar) cell service.