This report is the opinion of the submitter. It is unedited:
“well now that its over….time to “air out some dirty laundry”..Ive seen it ALL…AE’s signing customers names on docs..good ol “boarder income” to get personal loans approved..bumping up HOI coverage to do PHL’s/NRLS…SLAMMING, JAMMING, CRAMMING and whatever else you want to use to force customers to take insurance and home and auto…yeah we laughed and got our commision checks but now what?
We’re ALL out on the street posting our resumes..reapping deals 10 times to get the system to switch dominant signers….fake “mold inspections” done on homes. Obviously im gonna do “whatever it takes” to close a loan if im getting commision on the loan. I mean, seriously, are these people (UW and heads of HSBC)dumb?
Now to be fair…I TRIED my best to do loans that were good for the customer but i also booked 250k mortgages at 12% where you KNEW the people would default in 6 months so you would give them the hardship number when they came to pick up their checks…whatever.
I’m putting it all out there..no reason to hide anymore..the writing was ALL over the wall for some time now…i mean philly east district was number 1 in the eastern region with 21 RE loans booked in march?? Oh and how bout the best part?? Going on MSN.com Monday morning to see that HSBC has closed ALL benny and HFC offices.
It is sad since the company had a LOT of hard working, talented people who dedicated their LIVES to this company…closing loans in the GHETTO of north philly to get to goal…signing RE loans at midnight on the last night.
I wish everyone who worked for the company the best and god bless everyone and their families…this company commited suicide and these loans we did ended up screwing everyone involved…the customer who has bad credit and can’t pay it back…the company (HSBC) which lost billions, this website which now has no more Household to watch, and finally US who lost our jobs. It was a good ride while it lasted.”
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