Wachovia Layoff

joker032 said: The funny thing is if most of us were let go it would be okay, I can deal with that. Being FIRED for doing my job is unacceptable. Either way not haveing a job is rough for anyone, and if it hits a U5 its brutal attaining other employment, The truth is that Wachovia knows that and theyll pay for that as they are only trying to eliminate us from going to a competitor. Ask me to leave and I would have, nice and easy

this firing is kind of confusing, I mean, what exactly were the grounds they fired you guys for? Did you open up the crown checking when you knew you were not supposed to even though your managers told you to? or did your managers flat out say, open only the crown checking accounts? and then who switched the accounts later ? the whole thing is really bad and we feel bad for you, I guess no one is safe there anymore. Now, that they are almost done laying legacy folks, they are going after their own people, what a shame.

joker032 said: snoopy, nasty watch whatever, or whoever is the clown trying to get a rise out of the board, give it a rest. Switching names, and causing problems, you are a coward! You must have been fired from anywhere you were working because of your idiot comments and lack of intelligence. I am sure this message board is your real job, tool!

i think you need to refer your comments to nasty wach I, apparently an individual assuming another poster's (nasty wach 1) identity - instead of directing your remarks to snoopy who has been a fine contributor to this board for a long time. I think you are new here and your comments are uncalled for. In any event, good luck with your class action suit and best of luck.

joker032 said: snoopy, nasty watch whatever, or whoever is the clown trying to get a rise out of the board, give it a rest. Switching names, and causing problems, you are a coward! You must have been fired from anywhere you were working because of your idiot comments and lack of intelligence. I am sure this message board is your real job, tool!

OMG, you're the nasty wach I imposter. Why are you posing as nasty wach 1? What's up with you man? excuse me, you fool or tool or whatever you say man. you're bogus man.

kao pum in los angeles, California said: OMG, you're the nasty wach I imposter. Why are you posing as nasty wach 1? What's up with you man? excuse me, you fool or tool or whatever you say man. you're bogus man.

and now you are posing as joker032. you ought to be ashamed of yourself, now posing as joker032 playing with those poor people who got fired, what's your problem man?

snoopy in nowhere, Mississippi said: there is no such thing as a low ball appraisal. the market dictates the values, over and out. why don't you go to school and take some business and economic classes, it may help you understand markets, supply and demand rather than just how to rip someone for a fat fee for filling out a loan app.

EXACTLY

So what is your favorite flavor of Koolaid?

IquitWMC in Alexandria, Virginia said: So what is your favorite flavor of Koolaid?

I think it was red? Cherry flavored!

I would love a converation about the benchmarking you all are doing (appraiser's), I used to do them thank God I don't anymore!! It has been a long time that they have been in the report's and they are still having more training on how to pull data? has everyone been doing it wrong the past year?? it is because they don't know what the He11 they are doing!! everyone does them differently!and the data can be manipulated. Doing the benchmarking takes longer than writing a appraial report?? and know one on the loan side even understands what they are or there meaning!! this gives the appraisal managers something to validate there positions. I think this is going to come back and bite them in the a$$ I think it's a bunch of unesasary bu11sh1t in a report to make them look good! but to who???? I see another class action suit

Nasty Wach I in Wachtown said: are you the one using the sign in name nasty wach 1. What are you some kind of joker! the real one is Nasty Wach I, if you're not the one those comments do not refer to you. Some guy is using my sign in name to make stupid remarks, read the previous posts.

Anyway I was a loan originator for world for several years, and was laid off suddenly last year out of the blue because my production was horrid (i blame the low ball appraisals). I had no clear direction as how to do loans. the word out there was that my loan goals were impossibly high for a rep with such limited selling skills, but the benefits were ok and business was terrible. My loan process was very slow and unorganized. Can I find a job somewhere else? I doubt it. I have no edge, believe me especially with all my short comings. and another important thing, I may accept another job and be out of it before you know it, considering my checkered past. I repeat, I can not find a job somewhere else so this has to be it?

You the imposer get a life! you must be middle management maybe a division manager? or maybe evem a regional? you definatly smell of one! I cannot wait for you to get your walking paper's!
I want everyone to know that in so cal the management stinks to high heaven!! what a bunch of f'n whimps, and f'n yes men, I can not wait until you all get your mandatory conference call! then you will be in the same boat, Oh but wait you sh1t on us no life boat for you!, no sympathy...Hum... your sunk, I hope you think about the people you destroyed along the way,! Shame on U!!

Another World in Somewere, California said: You the imposer get a life! you must be middle management maybe a division manager? or maybe evem a regional? you definatly smell of one! I cannot wait for you to get your walking paper's!
I want everyone to know that in so cal the management stinks to high heaven!! what a bunch of f'n whimps, and f'n yes men, I can not wait until you all get your mandatory conference call! then you will be in the same boat, Oh but wait you sh1t on us no life boat for you!, no sympathy...Hum... your sunk, I hope you think about the people you destroyed along the way,! Shame on U!!

Tough day? :-)

Another World in Somewere, California said: I would love a converation about the benchmarking you all are doing (appraiser's), I used to do them thank God I don't anymore!! It has been a long time that they have been in the report's and they are still having more training on how to pull data? has everyone been doing it wrong the past year?? it is because they don't know what the He11 they are doing!! everyone does them differently!and the data can be manipulated. Doing the benchmarking takes longer than writing a appraial report?? and know one on the loan side even understands what they are or there meaning!! this gives the appraisal managers something to validate there positions. I think this is going to come back and bite them in the a$$ I think it's a bunch of unesasary bu11sh1t in a report to make them look good! but to who???? I see another class action suit

There is a lot of truth in what you write.

* data is being pulled differently by each appraiser
*data can be manipulated
*this takes longer then the report!
*the underwriter doesnt understand it.
*likely the entire process developed by someone who has not been in the field in a very long time and is out of touch.

Good Job Another World!

Another World in Somewere, California said: You the imposer get a life! you must be middle management maybe a division manager? or maybe evem a regional? you definatly smell of one! I cannot wait for you to get your walking paper's!
I want everyone to know that in so cal the management stinks to high heaven!! what a bunch of f'n whimps, and f'n yes men, I can not wait until you all get your mandatory conference call! then you will be in the same boat, Oh but wait you sh1t on us no life boat for you!, no sympathy...Hum... your sunk, I hope you think about the people you destroyed along the way,! Shame on U!!

Forgive me for singling people out!
I have no idea who is who or even care, but reading through the posts for the last 7 days, clearly someone is playing games. My post was in retaliation to others and maybe using names was wrong. Point being, no matter what we do there is always a problem with imposters or whatever you would like to call them on message boards. I do know this - On tuesday of last week I as well as 5 others started these threads as well as yahoo, to get support to justify our termination from Wachovia. Please see for yourself. Rather to think that I am mgmt (which at this point is a major insult), or an imposter, maybe you should know what you are talking about.

Any snoopy, dont know who you are, however if you are in this mess as well I am sorry for mentioning you.

joker032 said: Forgive me for singling people out!
I have no idea who is who or even care, but reading through the posts for the last 7 days, clearly someone is playing games. My post was in retaliation to others and maybe using names was wrong. Point being, no matter what we do there is always a problem with imposters or whatever you would like to call them on message boards. I do know this - On tuesday of last week I as well as 5 others started these threads as well as yahoo, to get support to justify our termination from Wachovia. Please see for yourself. Rather to think that I am mgmt (which at this point is a major insult), or an imposter, maybe you should know what you are talking about.

Any snoopy, dont know who you are, however if you are in this mess as well I am sorry for mentioning you.

I agree, lets get back to what this forum is all about; Supporting one another. Weather it be those who have been laid off, terminated or those who are still employed may this be a place that experiences, frustrations and ideas can be shared.

joker032 said: Forgive me for singling people out!
I have no idea who is who or even care, but reading through the posts for the last 7 days, clearly someone is playing games. My post was in retaliation to others and maybe using names was wrong. Point being, no matter what we do there is always a problem with imposters or whatever you would like to call them on message boards. I do know this - On tuesday of last week I as well as 5 others started these threads as well as yahoo, to get support to justify our termination from Wachovia. Please see for yourself. Rather to think that I am mgmt (which at this point is a major insult), or an imposter, maybe you should know what you are talking about.

Any snoopy, dont know who you are, however if you are in this mess as well I am sorry for mentioning you.

This post was not directed at you, I don't know why you would think that, it was directed to the nasty imposter who has been bashing most everyone on this site.

joker032 said: Forgive me for singling people out!
I have no idea who is who or even care, but reading through the posts for the last 7 days, clearly someone is playing games. My post was in retaliation to others and maybe using names was wrong. Point being, no matter what we do there is always a problem with imposters or whatever you would like to call them on message boards. I do know this - On tuesday of last week I as well as 5 others started these threads as well as yahoo, to get support to justify our termination from Wachovia. Please see for yourself. Rather to think that I am mgmt (which at this point is a major insult), or an imposter, maybe you should know what you are talking about.

Any snoopy, dont know who you are, however if you are in this mess as well I am sorry for mentioning you.

i am the snoopy and my posts are typically market reports. the copycats don't have enough live brain cells to do what i do. no worries.

Another World in Somewere, California said: This post was not directed at you, I don't know why you would think that, it was directed to the nasty imposter who has been bashing most everyone on this site.

No problem!! I just repied to most recent post. I am here to help everyone and especially myself get some answers and set things straight.

Does anyone have any official numbers on firings?
Seems like most of the damage is in the south and mostly FS's.

Good luck to all

Another World in Somewere, California said: You the imposer get a life! you must be middle management maybe a division manager? or maybe evem a regional? you definatly smell of one! I cannot wait for you to get your walking paper's!
I want everyone to know that in so cal the management stinks to high heaven!! what a bunch of f'n whimps, and f'n yes men, I can not wait until you all get your mandatory conference call! then you will be in the same boat, Oh but wait you sh1t on us no life boat for you!, no sympathy...Hum... your sunk, I hope you think about the people you destroyed along the way,! Shame on U!!

Wow you are really mad at Nasty Wach 1, or just in another world. I do agree that the imposer NW 1 does smell, wait, no, smells like high heaven and management. ooh that's smelly. well you're in luck because this particular nasty imposer already got his walking papers, but I think his came with a life boat...sorry...maybe it will sink though because I beleive he is a whimp and evem a yes man, but I don't think he destroyed anybody along the way, but I do know that he did sh1t on a few appaisers before that sinking life boat floated in...oh by the way when you have that next converation try to avoid the profanity it's not becoming.

snoopy in nowhere, Mississippi said: i am the snoopy and my posts are typically market reports. the copycats don't have enough live brain cells to do what i do. no worries.

Come on peeps, there is nothing like the snoop...he is the best cut and paster of market reports you will see this side of the mississippi...there is no way in he11 a copycat can cut and paste at the same brain cell level...simply inconceivable!

SOCA Appraiser in California said: I agree, lets get back to what this forum is all about; Supporting one another. Weather it be those who have been laid off, terminated or those who are still employed may this be a place that experiences, frustrations and ideas can be shared.

so true, how's the atmosphere in your neck of the woods right now?

Nasty Wach 1 in Wachtown said: so true, how's the atmosphere in your neck of the woods right now?

Offices are being closed, people being juggled around but no lay offs. Memo came out today about the Fannie Mae/Freddie Mac situation and it really didnt say much except they still do not know what our stance is just yet, still in the information collecting and no new policies have been made.

so for now its business as usual. Work has increased a little bit so its helpful but nothing to write home about just yet.

How are you doing? How is the studying going?

How is it going in everyones neck of the woods? Even if its nothing, sure would be nice to hear from all the past posters! Updates sure boost morale and we need a morale boost here!

Hey everyone that got fired
contact this law firm
They are already working with other fired FS's seems we have a pretty good case if this goes thru..just give him a call.

He said that he needed everyone to fax over their termination letter asap
He will know by Tuesday if the firm will approve.
Probable yes!!!!! Hallelujah seems like some good news to me.

They are currently representing several fired financial consultants

Walter G. Birkel, Esq.
Tighe Patton Armstrong Teasdale, PLLC
1747 Pennsylvania Ave., N.W.
Suite 300
Washington, D.C. 20006
Phone: (202) 454-2841
Fax: (202) 454-2805

More changes are a'coming, folks. I haven't heard of any legacy layoffs lately, has anyone else?

SOCA Appraiser in California said: Offices are being closed, people being juggled around but no lay offs. Memo came out today about the Fannie Mae/Freddie Mac situation and it really didnt say much except they still do not know what our stance is just yet, still in the information collecting and no new policies have been made.

so for now its business as usual. Work has increased a little bit so its helpful but nothing to write home about just yet.

How are you doing? How is the studying going?

How is it going in everyones neck of the woods? Even if its nothing, sure would be nice to hear from all the past posters! Updates sure boost morale and we need a morale boost here!

I took the state test and am waiting for the results which take about a month. If I passed it, I can be approved to teach and go into the special program to become certified as I already have my bs. California has a very similar program. It is good that you are still working, I hope it continues and you make a good transition. i have also been interviewing for positions (plan c) but it is really really tough out there.

suspicious in anywhere said: Hey everyone that got fired
contact this law firm
They are already working with other fired FS's seems we have a pretty good case if this goes thru..just give him a call.

He said that he needed everyone to fax over their termination letter asap
He will know by Tuesday if the firm will approve.
Probable yes!!!!! Hallelujah seems like some good news to me.

They are currently representing several fired financial consultants

Walter G. Birkel, Esq.
Tighe Patton Armstrong Teasdale, PLLC
1747 Pennsylvania Ave., N.W.
Suite 300
Washington, D.C. 20006
Phone: (202) 454-2841
Fax: (202) 454-2805

Everyone who was fired should definitely join together and contact this firm. thanks for sharing this information. The more the better. Tell all your contacts.

I would only assume that everyone terminated is sending in their appeal. I have as well as the others in my area. Although I dont feel there is anything Wachovia is going to do about it, who kows, maybe the group that arbitrates this will see the truth behind it and see how they made a big mistake. Maybe WB will see the light and offer severance, and a clean record to those they wronfully terinated (if they were smart they would do that at a minimum). At a minimum I want my U5 record clear, and I am sure not the only one. I think by marking the u5 they are forcing people to find attorneys. I also want to see the leaders suffer as I am, as they could have prevented this and fessed up to knowing about it and actively urging this practice. One think I seem to overlook and I am certain this is the case across the board, is that we were never written up or docmneted about this in the past and there is no policy on this as well as profiling, sold notes, or summary of services. NONE!!!! I dont see how Wachovia can support themselves on this one.

Thoughts??

I contacted my local tv stations..I also sent a letter to the NY Times and AJC hoping to get a response to our plight. I think that now lets do all we can to get our story out.

I just pulled them up in Atlanta and and hit their "tips" button and told them to look at the forums rather than try to explain it over and over again..

I hope each of you do the same in your area.

Nasty Wach I in Wachtown said: Come on peeps, there is nothing like the snoop...he is the best cut and paster of market reports you will see this side of the mississippi...there is no way in he11 a copycat can cut and paste at the same brain cell level...simply inconceivable!

Is this Skippy coming back as nasty? Please, we don't enjoy your posts, they do not offer any value to the forum.

Nameless from - in Nowhere said: Is this Skippy coming back as nasty? Please, we don't enjoy your posts, they do not offer any value to the forum.

it really seems that it is, too bad, how's business going nameless.

Has anyone noticed all the racket by wachovia firing the FSs??? Sounds like Wachovia made a HUGE blunder on this one. Wow--go for it you guys! Best of luck to you. Banding together will get your voices heard!

Nasty Wach 1 in Wachtown said: it really seems that it is, too bad, how's business going nameless.

It's slow, I've spent too much money out of pocket trying to get this going. I'm sure it will pay off in the end but I may not be able to wait. I've started applying for a second salary paying job. It's tough with the tighter guidelines. Stated loans are only going to the vanilla borrowers with credit scores over 680 to 720 & low LTV's. FHA gets you a higher LTV but it's a slow go. I certainly am not making what I did. But I keep smiling. It sounds like it's better than being an FS right now.
I may try and locate a salaried job and do loans part time as a broker. It just may make more sense. There is a lot of brokers that don't do FHA and that could be a great lead source. I'll just flip flop what I'm doing now. It will give me benefits and a higher means of reimbursement with lower volumes right now. I had high hopes but it's just not working. And with stock values going down, it makes me more nervous I could be in another merger. I just can't do that again, way too much stress and anxiety! Plus the double messages and secret agenda's would drive me nuts.

Most of this was posted in the other group - Here is the complete article:
employment.law360.com/secure/printview.aspx?id=50530

Wachovia Subsidiary Hit With FLSA Suit

By Samuel Howard, sam.howard@portfoliomedia.com
Portfolio Media, New York (March 19, 2008)

A World Mortgage Co. employee launched a proposed class action Monday, claiming the Wachovia subsidiary's failure to pay certain workers overtime violates both the Fair Labor Standards Act and the Employee Retirement Income Security Act.

Annette Peyovich filed the suit in the U.S. District Court for the Middle District of Florida, bringing an individual as well as a nationwide collective action against World Mortgage and its parent company for unpaid wages, as well as a nationwide ERISA class action for inadequate record-keeping and failure to fund pension plans.

The suit claims residential mortgage appraisers in World Mortgage Co. and other Wachovia subsidiaries were, are and will be misclassified as exempt from overtime pay, and were classified as nonexempt but never received overtime pay.

In each of the three actions, the plaintiff is suing for declaratory and injunctive relief, damages for unpaid wages and overtime, liquidated damages and attorneys' fees.

The suit requests a three-year statute of limitations for employees of World Mortgage Co., World Savings Bank and World Savings, former Golden West subsidiary banks now owned by Wachovia.

Peyovich began working at World Mortgage as a residence appraiser in August 2005. She was misclassified as a nonexempt employee, and although she routinely worked in excess of 40-hours a week World Mortgage failed to pay overtime, the complaint claims.

ctd

When Wachovia acquired World Mortgage and the rest of the Golden West subsidiaries in June 2006, assuming the parent company's assets and liabilities, the practices continued, according to the complaint.

After Wachovia's acquisition, Peyovich was again classified as nonexempt and continued to work in excess of 40-hour workweeks without time-and-a-half compensation, according to the complaint.

The complaint claims that World Mortgage pursues a policy of systematically denying its nonexempt employees overtime, making one-hour automatic deductions for lunch hours that are often spent working, requiring advance approval for additional hours worked, and expecting employees to "donate" time worked to the company without charge.

The suit also alleges that three company supervisors routinely tampered with employees' time sheets, docking hours in order to avoid paying overtime rates.

The banks' failure to accurately record hours worked and factor the time into the company savings and pension plans constitutes a breach of fiduciary duties under ERISA, according to the complaint.

The plaintiff seeks an injunction requiring corporate defendants to credit all members of the ERISA class with compensation for work that went unrecorded and unpaid.

Annette Peylovich is represented by Nathan A. McCoy, P.A.

Wachovia was not available for comment Wednesday.

The case is Peylovich v. World Mortgage Co. et al., case number 6:08-cv-404, in the U.S. District Court for the Middle District of Florida.

Of course if you signed the enhanced severance agreement you have relinquished any right to seek further claims against Wachovia.

Must read:
Wachovia's Balance Sheet Doesn't Fool Mr. Market: Jonathan Weil

www.bloomberg.com/apps/news?pid=20601039&sid=anpEsjThPv9U&refer=home

March 24 (Bloomberg) -- How will we know when it's time to call a bottom to the mortgage mess? Here's one benchmark: As long as Wachovia Corp. hasn't cleaned up its books, there's probably still more to come.

The fourth-largest U.S. bank ended last year with a book value, or assets minus liabilities, of $76.9 billion. By comparison, the company's current market capitalization is $60.9 billion, following a 19 percent decline in its stock price this year to $30.72.

The $16 billion gap shows the market doesn't believe the company's balance sheet is holding up. It's probably right, too.

Somehow appropriate:
www.youtube.com/watch?v=nZU4nBTc0wg

All You Ever Do Is Bring Me Down

Sick And Tired in Charlotte, North Carolina said: ctd

When Wachovia acquired World Mortgage and the rest of the Golden West subsidiaries in June 2006, assuming the parent company's assets and liabilities, the practices continued, according to the complaint.

After Wachovia's acquisition, Peyovich was again classified as nonexempt and continued to work in excess of 40-hour workweeks without time-and-a-half compensation, according to the complaint.

The complaint claims that World Mortgage pursues a policy of systematically denying its nonexempt employees overtime, making one-hour automatic deductions for lunch hours that are often spent working, requiring advance approval for additional hours worked, and expecting employees to "donate" time worked to the company without charge.

The suit also alleges that three company supervisors routinely tampered with employees' time sheets, docking hours in order to avoid paying overtime rates.

The banks' failure to accurately record hours worked and factor the time into the company savings and pension plans constitutes a breach of fiduciary duties under ERISA, according to the complaint.

The plaintiff seeks an injunction requiring corporate defendants to credit all members of the ERISA class with compensation for work that went unrecorded and unpaid.

Annette Peylovich is represented by Nathan A. McCoy, P.A.

Wachovia was not available for comment Wednesday.

The case is Peylovich v. World Mortgage Co. et al., case number 6:08-cv-404, in the U.S. District Court for the Middle District of Florida.

Pretty much the same suit that has been going on here in CA.

Sick And Tired in Charlotte, North Carolina said: Of course if you signed the enhanced severance agreement you have relinquished any right to seek further claims against Wachovia.

True but have yet to meet an appraiser who has been offered or received an enhanced severance.

Sick And Tired in Charlotte, North Carolina said: Somehow appropriate:
www.youtube.com/watch?v=nZU4nBTc0wg

All You Ever Do Is Bring Me Down

Cant dispute this one!

Nameless from - in Nowhere said: It's slow, I've spent too much money out of pocket trying to get this going. I'm sure it will pay off in the end but I may not be able to wait. I've started applying for a second salary paying job. It's tough with the tighter guidelines. Stated loans are only going to the vanilla borrowers with credit scores over 680 to 720 & low LTV's. FHA gets you a higher LTV but it's a slow go. I certainly am not making what I did. But I keep smiling. It sounds like it's better than being an FS right now.
I may try and locate a salaried job and do loans part time as a broker. It just may make more sense. There is a lot of brokers that don't do FHA and that could be a great lead source. I'll just flip flop what I'm doing now. It will give me benefits and a higher means of reimbursement with lower volumes right now. I had high hopes but it's just not working. And with stock values going down, it makes me more nervous I could be in another merger. I just can't do that again, way too much stress and anxiety! Plus the double messages and secret agenda's would drive me nuts.

I think that you have the right idea to get the second job. Talk about stress and anxiety, I am still going through that and have had to seek help for coping. I wish you the best of luck, I am still pursuing the teaching plan but have been venturing out on interviews to see what's out there. I had one interview that was very promising, not in banking, but I have to wait 3 weeks to see if I got the job, the pay is so so, but the benefits are fabulous. If they offer it to me, I am taking it. There are not a lot of comparable jobs in banking, if any right now and I accept that I will have to take a major pay cut, but what can we do, we have to put food on the table and pay the bills. I totally understand your reticence about returning to the secret agenda, never again!!!!!

up tight in San Antonio, Texas said: Has anyone noticed all the racket by wachovia firing the FSs??? Sounds like Wachovia made a HUGE blunder on this one. Wow--go for it you guys! Best of luck to you. Banding together will get your voices heard!

I wonder why the rush to fire so many. No one is safe!

Nameless from - in Nowhere said: Is this Skippy coming back as nasty? Please, we don't enjoy your posts, they do not offer any value to the forum.

I think that you have the right idea about Skippy. Talk about stress and anxiety, I am still going through that and have had to seek help for coping with Skippy's antics. I wish you the best of luck with your mental breakdown due to Skippy, I am still pursuing the pyschiatric hospital plan but have been venturing out on interviews to see if there is a therapist that can handle Skippy's kind of abuse. I had one interview with a witch doctor that was very promising, but I have to wait 3 weeks to see if they get cleared by customs, the advice is so so, but the jerk chicken tacos are fabulous. If they offer me Skippy's head, I am taking it. There are not a lot of comparable Skippy's on this board, if any right now so will I accept that I will have to take major emotional abuse from all comers, but what can we do, we have to put food on the table and pay the bills for the psychiatric industry. I totally understand your reticence about returning to the secret agenda, never again!!!!!

Nasty Wach I in Wachtown said: I think that you have the right idea about Skippy. Talk about stress and anxiety, I am still going through that and have had to seek help for coping with Skippy's antics. I wish you the best of luck with your mental breakdown due to Skippy, I am still pursuing the pyschiatric hospital plan but have been venturing out on interviews to see if there is a therapist that can handle Skippy's kind of abuse. I had one interview with a witch doctor that was very promising, but I have to wait 3 weeks to see if they get cleared by customs, the advice is so so, but the jerk chicken tacos are fabulous. If they offer me Skippy's head, I am taking it. There are not a lot of comparable Skippy's on this board, if any right now so will I accept that I will have to take major emotional abuse from all comers, but what can we do, we have to put food on the table and pay the bills for the psychiatric industry. I totally understand your reticence about returning to the secret agenda, never again!!!!!

You can be rather entertaining!

Feeling a little competition from the Skippy wannabees?

[QUOTE who="Nasty There are not a lot of comparable jobs in banking, if any right now and I accept that I will have to take a major pay cut, but what can we do, we have to put food on the table and pay the bills. I totally understand your reticence about returning to the secret agenda, never again!!!!!

Nasty, I also don't feel a sense of leadership in our current industry. There's a bunch of top producers made managers but are they "good" managers? Most don't have time for their employees, bark at people for production, don't train and if they do leave a lot of blanks & questions unanswered. It's like many industry decision makers are in true need of anger management classes. I know I certainly don't feel motivated and understand why you have to seek out professional help to get over this. Plus where I am you have to purchase all your own marketing materials, supplies and postage so it becomes a very expensive undertaking to run your business. I've spent more than what I've made and that must stop. No one in the offices is knocking them out with production, maybe three or four loans per month that actually fund after the fallout. Plus I don't think it's all about bad loans, you have fallout due to stricter & constant changing guidelines & appraisal value fallout. And those originators around me are tenured reps with proven track records. There's no such thing as a true stated loan anymore and that's tough in a market full of self employed borrowers. Good luck to anyone today in the FNMA/Freddie fixed rate environment. FHA may be the next avenue to pursue and you are going to have to be capable to full doc your loans. So for World people who are used to stated portfolio products it will be a shock if that turns into full doc guideline strict product lines. It's getting harder to make a decent living in this industry today. Especially if you are commissioned only.

Nameless from - in Nowhere said: [QUOTE who="Nasty There are not a lot of comparable jobs in banking, if any right now and I accept that I will have to take a major pay cut, but what can we do, we have to put food on the table and pay the bills. I totally understand your reticence about returning to the secret agenda, never again!!!!!

Nasty, I also don't feel a sense of leadership in our current industry. There's a bunch of top producers made managers but are they "good" managers? Most don't have time for their employees, bark at people for production, don't train and if they do leave a lot of blanks & questions unanswered. It's like many industry decision makers are in true need of anger management classes. I know I certainly don't feel motivated and understand why you have to seek out professional help to get over this. Plus where I am you have to purchase all your own marketing materials, supplies and postage so it becomes a very expensive undertaking to run your business. I've spent more than what I've made and that must stop. No one in the offices is knocking them out with production, maybe three or four loans per month that actually fund after the fallout. Plus I don't think it's all about bad loans, you have fallout due t

Thanks for sharing your experience, it is important as you have actually gotten back out there as an originator for another institution. I've been getting calls from brokers for commission only jobs, but I am really concerned about that route especially if tenured reps are having a tough time. It's a darn shame, and I hope the market turns around. By that time, we'll probably be in another career!

Nasty Wach I in Wachtown said: I think that you have the right idea about Skippy. Talk about stress and anxiety, I am still going through that and have had to seek help for coping with Skippy's antics. I wish you the best of luck with your mental breakdown due to Skippy, I am still pursuing the pyschiatric hospital plan but have been venturing out on interviews to see if there is a therapist that can handle Skippy's kind of abuse. I had one interview with a witch doctor that was very promising, but I have to wait 3 weeks to see if they get cleared by customs, the advice is so so, but the jerk chicken tacos are fabulous. If they offer me Skippy's head, I am taking it. There are not a lot of comparable Skippy's on this board, if any right now so will I accept that I will have to take major emotional abuse from all comers, but what can we do, we have to put food on the table and pay the bills for the psychiatric industry. I totally understand your reticence about returning to the secret agenda, never again!!!!!

If you actually worked for world savings as you say you did, I think it's a disgrace that you continue this copying and pasting routine. I'm glad I don't know you. Your act is actually getting kind of old. Can't you actually contribute s