Anyone have any information about the CVL move back to mortgage? It's all been very hush, hush. No major org announcement and all folks have been told is all of Sales, including ops, is moving under mortgage. Effective immediately, Flagscape updates today.
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Prob gonna be a lot of repo’s soon. People are underwater and past due on vehicle loans. You mortgage folks are good about liquidating foreclosed assets. ;)
CVL= auto loans
Only a guess but it is likely to help stabilize staff alignments while interest rates are up and mortgage volume is down, rather than lay off staff. I question why it ever left Consumer.
What is CVL. What do they do at BOA.
Mortgage is in the toilet 🚽.