Thread regarding JPMorgan Chase & Co. layoffs

What’s it like working at Chase mortgage?

Good opportunity or no? Comp plan is pretty low (basis points).

Good money to be had there? Can you do high production? Or is mostly chasing down branch leads like a quasi call center job?

by
| 2455 views | | 7 replies (last ) | Reply
Post ID: @OP+1m2VjSSB

7 replies (most recent on top)

Awful. Terrible compensation package, hands down the worst origination system around (MPX/MAX) and pricing is almost always .25% to .50% in RATE out of market. Bloated layers of unneeded management contribute the cr-ppy price and are responsible for purchasing the origination system. The LAST place you want to be in the mortgage business right now. Does that answer your question?

by
| | Reply
Post ID: @cllv+1m2VjSSB

You don’t want to work in mortgage and especially in closing. I guess now there is corrective action if we don’t call yet ever other support group can sc--w the file up and that’s ok. Total joke.

by
| | Reply
Post ID: @6ong+1m2VjSSB

Ask Manila this question. Chase sent all the jobs in mortgage over there.

by
| | Reply
Post ID: @6vnz+1m2VjSSB

“20 years experience in mortgage, worked @ chase home lending centralized and retail for combined 3 years. Not hyperbole, the absolute worst bank/dept i have ever worked for. Upper management/ Durney are utterly incompetent, systems/ internal process are broken. Pricing is not competitive. Look elsewhere.”

Really?? When did you work at Chase??

Chase definitely does not seem out of the market in price right now.

I worked for Wells Fargo for many years and always felt we were priced high on conforming loans.

Chase gotta be stronger than Wells Fargo at least ???

by
| | Reply
Post ID: @1eaw+1m2VjSSB

20 years experience in mortgage, worked @ chase home lending centralized and retail for combined 3 years. Not hyperbole, the absolute worst bank/dept i have ever worked for. Upper management/ Durney are utterly incompetent, systems/ internal process are broken. Pricing is not competitive. Look elsewhere.

by
| | Reply
Post ID: @1mzg+1m2VjSSB

“ Are you asking because you are planning to come to this department?? If so, I would’nt there isn’t enough work to bank your life on it. Don’t make a move yet!”

Why? Prob depends on where you are right? Couple folks in my market are making $300k and not working super hard. Chase is expanding branches big time around here.

by
| | Reply
Post ID: @yfr+1m2VjSSB

Are you asking because you are planning to come to this department?? If so, I would’nt there isn’t enough work to bank your life on it. Don’t make a move yet!

by
| | Reply
Post ID: @ahf+1m2VjSSB

Post a reply

: