usctrojancpa
Well-known member
akula1488 said:
You got his walking papers from the board for being a moron.
Video of Better.com CEO Laying Off 15% of Workforce
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NEW -> Contingent Buyer Assistance Program
You got his walking papers from the board for being a moron.
Well since the refi business has basically dried up, we'll be seeing a lot more mortgage lender layoffs.
Plenty of other sales jobs out there.
Yeah for confirming loans. My jumbo loan buyers are still get rates at 3% or lower.
Nevermind, just checked our ATS and here's one applicant.
Dear Hiring Manager:
I am writing to be considered for the XXXXX position with XXXXX. As a detail-oriented and conscientious employee, I am passionate to facilitate a positive work
environment, empathize with team members and participants, and resourcefully work in a clinical research setting to achieve desired goals.
I am currently employed as a Processing Coordinator at Lend Plus and have double majored in Psychology and Sociology from the University of California, Santa Cruz. In my current position, I assist in the process of qualifying clients to obtain a mortgage loan. In the past year, mortgage interest rates have dropped significantly and resulted in a 60% increase in the volume of clients at my company. I have been able to
foster my qualities of being responsible, proactive, and efficient during high-stress situations.
As a Processing Coordinator, communication amongst the varying departments and with clients is essential to streamline a completed mortgage loan package within a timely manner. Since joining the company, my efforts have shown a higher rate of customer service satisfaction and quicker turn times in loan package approvals. My background in gathering and analyzing data, administrative support, organizational development, and interpersonal communication are necessary skills that will not only help me succeed, but also put me in an advantage towards potential growth as a XXXXX.
Due to the modest size of my employer, it is the norm for employees to take on new tasks, collaborate, and adapt quickly. Through this experience, I was able to truly appreciate the value of a team and how each individual in the company has a crucial role towards the production and synergy of the workplace.
As a XXXXX, I aspire to become a valuable asset to the team, work diligently to
ensure protocols are conducted safely, and aim to constantly learn and grow in daily challenges. I am passionate about helping people and hope to be a part of a team that is truly making an impactful difference in the lives of others.
I am excited for the opportunity to be considered for this position at XXXXX. I look forward to hearing from you in further detail about how I can contribute as a XXXXX. Thank you for your consideration.
Sincerely,
XXXXX
Yeah, jumbo loan for SRF is 3.125% with no relationship.
For my Bluffs 2, I locked with Sherry Wang at Citibank at 3.25%. Then I used $500k relationship and got it down to 2.875%, plus 0.375 point rebate for closing costs.
When I talked to Union Bank, I was quoted 3.125%, but $500k only got me 0.25% off and their rebate was around $1500 or so.
Union Bank is 90-day lock. Citibank is 75-day lock, but no fee for extension. So I went with Citibank.
How much did you have to move over to Citibank to get 1/4% off? $250k?
$50k to $199k for 1/8% off
$200k to $499k for 1/4% off
$500k to $999k for 3/8% off
$1M to $1.999M for 1/2% off
>$2M for 5/8% off
You got his walking papers from the board for being a moron.
morekaos
Well-known member
...and they hire him back... ;D ;D >
Better.com CEO who fired 900 workers in Zoom call is reinstated as the mortgage lender's top boss after taking 'time off to reflect on his leadership'
Vishal Garg, 43, will be returning to his 'full-time duties' after taking a break to figure out the 'leader I wanted to be'
It is unknown how Garg has changed his leadership style, but the company is planning on hiring new executives
He famously fired 900 'unlucky' employees in December over a Zoom call
It is unclear when Garg will be returning to start his 'full-time duties' again
Better will now implement a new training course to help focus on new ethics and to a 'respectful' and 'healthier workplace'
Better.com CEO who fired 900 workers in Zoom call is reinstated as the mortgage lender's top boss after taking 'time off to reflect on his leadership'
Vishal Garg, 43, will be returning to his 'full-time duties' after taking a break to figure out the 'leader I wanted to be'
It is unknown how Garg has changed his leadership style, but the company is planning on hiring new executives
He famously fired 900 'unlucky' employees in December over a Zoom call
It is unclear when Garg will be returning to start his 'full-time duties' again
Better will now implement a new training course to help focus on new ethics and to a 'respectful' and 'healthier workplace'
The Motor Court Company
Well-known member
with fast rising rates (which will kill refi activities) and record low inventory for purchase loans, don?t think it is a good time to be in the mortgage industry?
morekaos said:...and they hire him back... ;D ;D >
Better.com CEO who fired 900 workers in Zoom call is reinstated as the mortgage lender's top boss after taking 'time off to reflect on his leadership'
Vishal Garg, 43, will be returning to his 'full-time duties' after taking a break to figure out the 'leader I wanted to be'
It is unknown how Garg has changed his leadership style, but the company is planning on hiring new executives
He famously fired 900 'unlucky' employees in December over a Zoom call
It is unclear when Garg will be returning to start his 'full-time duties' again
Better will now implement a new training course to help focus on new ethics and to a 'respectful' and 'healthier workplace'
It all depends on the situation:
I believe people get chances to correct if it is not that bad.
I saw a first year always on social media. But the response I got was nothing. Someone told me that the company spent a lot in recruiting and training. blah blah
I think if the company had no cost, that person probably would not last. To top it off they charge the client for those hours. haha
I believe people get chances to correct if it is not that bad.
I saw a first year always on social media. But the response I got was nothing. Someone told me that the company spent a lot in recruiting and training. blah blah
I think if the company had no cost, that person probably would not last. To top it off they charge the client for those hours. haha
morekaos
Well-known member
?and the circle is complete?
Controversial start-up Better.com fires HALF its 8,000 staff after accidentally revealing their fate by adding 'severance' tab to their browsers and early pay-offs: CEO once fired 900 over Zoom and branded workers 'lazy thieves'
https://www.dailymail.co.uk/news/ar...Better-com-set-lay-HALF-8-000-staff-week.html
Controversial start-up Better.com fires HALF its 8,000 staff after accidentally revealing their fate by adding 'severance' tab to their browsers and early pay-offs: CEO once fired 900 over Zoom and branded workers 'lazy thieves'
https://www.dailymail.co.uk/news/ar...Better-com-set-lay-HALF-8-000-staff-week.html
usctrojancpa
Well-known member
morekaos said:
Well since the refi business has basically dried up, we'll be seeing a lot more mortgage lender layoffs.
Hugo Township
Active member
What are these LOs and processors going to do?
usctrojancpa
Well-known member
HMart said:
Plenty of other sales jobs out there.
aquabliss
Well-known member
usctrojancpa
Well-known member
Liar Loan said:
Yeah for confirming loans. My jumbo loan buyers are still get rates at 3% or lower.
sleepy5136
Well-known member
Can confirm. Jumbo right now with WF is 3.125% with no relationship pricing.USCTrojanCPA said:
Hugo Township
Active member
USCTrojanCPA said:
Nevermind, just checked our ATS and here's one applicant.
Dear Hiring Manager:
I am writing to be considered for the XXXXX position with XXXXX. As a detail-oriented and conscientious employee, I am passionate to facilitate a positive work
environment, empathize with team members and participants, and resourcefully work in a clinical research setting to achieve desired goals.
I am currently employed as a Processing Coordinator at Lend Plus and have double majored in Psychology and Sociology from the University of California, Santa Cruz. In my current position, I assist in the process of qualifying clients to obtain a mortgage loan. In the past year, mortgage interest rates have dropped significantly and resulted in a 60% increase in the volume of clients at my company. I have been able to
foster my qualities of being responsible, proactive, and efficient during high-stress situations.
As a Processing Coordinator, communication amongst the varying departments and with clients is essential to streamline a completed mortgage loan package within a timely manner. Since joining the company, my efforts have shown a higher rate of customer service satisfaction and quicker turn times in loan package approvals. My background in gathering and analyzing data, administrative support, organizational development, and interpersonal communication are necessary skills that will not only help me succeed, but also put me in an advantage towards potential growth as a XXXXX.
Due to the modest size of my employer, it is the norm for employees to take on new tasks, collaborate, and adapt quickly. Through this experience, I was able to truly appreciate the value of a team and how each individual in the company has a crucial role towards the production and synergy of the workplace.
As a XXXXX, I aspire to become a valuable asset to the team, work diligently to
ensure protocols are conducted safely, and aim to constantly learn and grow in daily challenges. I am passionate about helping people and hope to be a part of a team that is truly making an impactful difference in the lives of others.
I am excited for the opportunity to be considered for this position at XXXXX. I look forward to hearing from you in further detail about how I can contribute as a XXXXX. Thank you for your consideration.
Sincerely,
XXXXX
CalBears96
Well-known member
sleepy5136 said:
Yeah, jumbo loan for SRF is 3.125% with no relationship.
For my Bluffs 2, I locked with Sherry Wang at Citibank at 3.25%. Then I used $500k relationship and got it down to 2.875%, plus 0.375 point rebate for closing costs.
When I talked to Union Bank, I was quoted 3.125%, but $500k only got me 0.25% off and their rebate was around $1500 or so.
Union Bank is 90-day lock. Citibank is 75-day lock, but no fee for extension. So I went with Citibank.
usctrojancpa
Well-known member
CalBears96 said:
How much did you have to move over to Citibank to get 1/4% off? $250k?
CalBears96
Well-known member
USCTrojanCPA said:
$50k to $199k for 1/8% off
$200k to $499k for 1/4% off
$500k to $999k for 3/8% off
$1M to $1.999M for 1/2% off
>$2M for 5/8% off
The Motor Court Company
Well-known member
the key thing is how long you need to keep the money there before and after closing, and compute whether the opportunity cost is worth the interest rate saving (vs simply just buying points, which could be tax deductible).
Liar Loan said: