Extremely volatile and unstable work industry.
Pros: Good compensation
Cons: Unstable industry with a hiring/layoff revolving door
On the outside, the company seems secure and upwardly moving with opportunities to grow professionally. I was part of the massive hiring wave of 2012 and 2013. Well over 300 new employees were hired in a short amount of time and received intensive training. It was a continuously changing environment where information was not often shared and employees had to rely on the rumor mill about company changes which contributed to unsure job security. Testing and training were ongoing and advancement was offered as the company changed directions. In the mortgage industry, flux is expected. This company like many others does not see its employees as an asset but as numbers on a ledger, and a way to manage their budget. In 2013 the majority of the new hires of the previous year were laid off in several waves including a large number of long time employees in excess of 10+ years tenure. When the refinance market slowed down, the anticipated need for employees was not realized and the lay offs began. Even with new ownership, the company does not seem to have changed its outlook as far as employees are concerned. As recently as a few months ago, the company was hiring however the main building on Gate Parkway is up for sub-lease. The lease is up in 2016 and they are planning on downsizing again. This information is readily available but Im sure the company is not forthcoming with that information either. When considering this company for employment, I would not recommend assuming a long term opportunity.