Company was never honest in what it hired people for.
Cons: company was not honest about the position they were hiring for.
I was hired to be a modification loan underwriter, based on my years of experience. I was told that there would be 2 teams of 10 people each, doing modifications for loans being bought by the company to help people stay in their homes.
On my first day, low and behold, there were over 200 hundred people hired!!! Instead of being a job modifying loans the company bought, it was instead a job doing the grunt work for a very large bank. At the largest point, there were over 400 people working on this project.
The sad part there was never enough work for all of the people they hired. There were constant changes, programs changes, etc, almost daily. The so called team leaders did not have ANY underwriting experience at all, it appeared that they were managers simply because of who they knew. It is very sad to see a person who is 25 years old with no mortgage underwriting experience berating a person of 60 years of age with 40 years of experience.
At the end, the company did not have any work for the many people they hired, and started laying off people with the most experience, keeping only temporary people with very little or no loan underwriting/management experience.