So I guess Mortgage world is just completely shot and here comes just another investment company and that's the story? I work in the MTG department and both meeting have not reflected anything to do with the growth or where the numbers are headed....are we doomed?
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I was Mortgage / Refinance for 8 years.
PPP was my writing on the wall to transfer out.
If you're still in MTG anything at USB you are being underpaid a Sh-t Ton for the amount of work you do.
If you have leadership/management experience try to leave and find another job.
Use your PTO/See if you get paid out on Sick time depending on your state.
I don't think USB is the place consumers go to get a mortgage. I think the majority of our mortgages we are servicers or we acquire them post closing. In the mortgage world currently it's a tough market, so it would depend on where we are at in the acquisition world.
I don't know how our mortgage business ever survived. We are never close to competitive on rates and holy cr-p that is the primary thing you look for when getting a mortgage. Even with the employee discount it was not close when I bought my house.
What am I missing? How do we compete?
With high interest rates, high property rates, and the current market uncertainty m, I don’t think mortgage is the best place to be rn. I could be wrong though.