Better Mortgage to Be Sold?

New
xJxg07

New

xJxg07
Jan 24 4 Comments

Chris Whalen, chairman of Whalen Global Advisors, in email exchange with IMF said; “the mortgage company is still losing money and needs to restructure or sell pronto…Winter has come.”

What will they do? Layoff more people I imagine.

#better #bettermortgage #betterlayoffs #mortgagelayoffs

@better your CEO sucks and team members deserve answers.

Better
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  • Now that Vishal is back and more paranoid than ever, I honestly think that we'll definitely see another layoff soon. There haven't been as many loan closings and we're bleeding staff. To make things worse, leadership is relying on toxic positivity instead of listening to employees and making the necessary changes. Starting with the removal of Vishal.
    Feb 2 1
    • New
      xJxg07

      New

      xJxg07
      OP
      The layoffs are coming. Rates rising. Inventories low. Greedy sellers. Just like your CEO. Thing is if you’ve never been in the mortgage business you don’t know this happens a lot.
      Feb 10
  • Amazon
    lookingnow

    Go to company page Amazon

    lookingnow
    Needs to fold. A mortgage company should operate like one, not like a tech company. What efficiency did tech provide to the mortgage business after all ? It seems only marginal
    Jan 24 1
    • New
      xJxg07

      New

      xJxg07
      OP
      Clearly you don’t understand or know the mortgage business. Many tech firms are making improvements to the process and their also lenders. If you don’t know the business you’ll never realize the huge reduction in human error leads to faster closing times and better return on sold loans.
      Feb 10