Reply by davidK/CA on 5/6/09 10:53am
Msg #287449
I hate to admit it but there are quite a few names on the list that I did (indirectly) do signings for during those days. That's the majority of what signing work was available, and it wasn't my place to decide if the terms of the loans were good or bad any more than it is today. Cynical, but honest. It wasn't in my pay grade and still isn't.
I did a lot of lip zipping, kept my head down and said, "Read this, and if you understand the terms and you are willing to sign the document, then sign here".
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Reply by Susan Fischer on 5/6/09 3:13pm
Msg #287504
Excellent reminder. I, too, was a culprit of much tongue-
biting, and heavy sighing, and, on several occasions, serious eye-rolling and pointing to illogical numbers 'crunching.' Some of those resulted in borrowers putting down their pens, shaking their heads, and saying, "I'm just not going to do this" (followed by huge grin and head-shaking up and down.) Sure, I didn't get paid - but I slept like a baby. And, on more than one occasion, I was paid by the borrower who realized they had saved thousands of dollars.
In today's markets, I'm seeing happy borrowers, no surprises, every on the same page, LOs who answer their phones, and in general, a much better morale all the way around.
And, David, I hear you - but those icky experiences have bolstered my resolve to refuse work from those with whom I disagree - like the Loan Modsters, trying to make their fortunes off the backs of folks losing their homes. Just this morning, had the pleasure of saying, "No, I won't participate in those schemes." Felt great.
Thanks, Stamper.
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