Seems like the tides are turning and things are getting very very tight. Any word on layoffs?
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please don't post names and personal identifiers here, not allowed. it's an anon forum board for a reason. if the person named is not a c-suit or comms, site mods are probably gonna nuke the post.
state the org instead.
I'm a WFH Field CCS and haven't heard any details about possible layoffs. My site lost a lot of CCSs in June and a smaller amount in September. Based off current loan numbers it would seem more layoffs are coming, but I have no idea when and which sites will get hit the hardest. I work mostly NYC loans and with how slow things are there, I can only imagine what it's like elsewhere.
I just wanted to say thank you to all who come here to provide heads up. You are appreciated.
Top producing, bottom producing, middle… you’re a very, very small cog in a very large wheel and getting rid of a good producer means nothing to the company. They’ve done it many times over without blinking. Sure, the managers aren’t fans of it but a day later the regionals move on, quick-like. HLA’s are typically let go based upon saturation in a region, production level, a combo of the two, phone coverage success in that market, or the higher-ups just want to exit completely from the area. 3 of those 4 scenarios typically don’t take into account production levels. If you’re a top producer then great, keep it up, you’re doing something right! Something was told to me a while back that many in HL seem to either forget or glaze over (I’m not saying you do, just putting it out there for general knowledge), we work for a BANK, not mortgage company, and our product is inferior to asset management, deposits, commercial banking, and investment banking. Lending is a convenience to our clients and in some cases an inconvenience to the company, though we do many money for them from time to time! Keep doing your thing and show your value, won’t always work but you never know, it also may.
What do you know? I’m a top producing HLA. I’d assume my only fear is a complete exit from home lending all together.
Tempe home lending is definitely in trouble. Management seems to be applying internally into other departments to prepare for the next layoffs.
Poor business decisions haven’t stopped management before. Tempe would make sense to keep open but don’t hold your breath with this senior home lending management team that’d rather go the “d**th by a thousand cuts” route with the underlings. The big question is, when is the next one and what groups are affected?
Tempe is a pretty main hub. Yes there’s a significant layoff coming, but they aren’t shutting down tempe. That would be a poor business decision.
Jackson & Milwaukee need to go first
If you are in Tempe mortgages are you hearing anything yet? Are they winding down to close it down? I noticed they are shipping some of the mangers elsewhere -Will for example. Is Chris gone yet? Are they relocating people to cards still? Thank you for any insight you might have.
You should go work at locations in India or Philippine. Our jobs are being offshored there slowly so if you hurry, you should be able to catch your job there
Every location in the US is in trouble
Heard Tempe is having trouble