Underwriting will see at least 25% cut in September
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any actual source on numbers, products, etc. as to these supposed underwriting layoffs? Agency, Government, Non-Confomring, NDS, ACO/PCO?
Oh it's going to be much higher than 25% for underwriting.
There will definitely be layoffs before the end of October. Expect them to be rather high in number. Don't pay out now for any lengthy expensive vacations. Wait until November.
Chainsaw has it all gassed up and ready to go !
@cwv+1ifgCrNi - Did you mean VA underwriters are being cut? Are you in government lending?
I honestly don't know why people consider WF. even with employee rate broker has a much better rate so I refined only to have WF repurchase the plan a few months after.
Manager told me today, more layoffs in underwriting to come soon, VA.
Seems legit for this board and the sources
Such is the mortgage business. Always been that way.