The whole mortgage group is a disaster
11 replies (most recent on top)
Tell me what's going on? What department was laid off and where?
Can confirm 2009 leadership was excellent in the mortgage group. What the he-l happened to the leadership here. We had some of the best in the business. Now it's like we could have a junior high student council run the place better.
Difference is that in 2009 the amount usb mortgage had to layoff was minuscule. Why? Leadership. Great then. Horrible now. The mortgage area has a bunch of wells and citi and other rejects running the show and if they aren’t high on their own ego - they are high on something else. All day. Every day.
If over 15 years of service, you will receive two weeks pay per year of service not to exceed 52 weeks pay. This was the package in 2022. Could have changed, but I know others that got laid off in this year and it was the same as 2022.
I was let go and have 33 yrs with the USB. Started when I was 21 years of age. How much severance do I get? Please advise and let me know.
Sincerely,
A USB Loyalist
This is the entire industry. The cost to produce a mortgage as at all time highs. That is bad for lenders and borrower. At the end of the day it is a cyclical business and rightsizing the workforce is the responsible thing to do. 2009 was much worse.
I hear they let 350 originators go
The mortgage business is a disaster everywhere.
Did USB have another layoff today?
Mortgage leaders like to hear themselves talk.
Should’ve kept all the Union Bank employees. Glad to hear things are going well…