More Mortgage Industry Layoff in the Charlotte Area (mortgage broker, brokers)

[Yorkiegirl16]

Again, I never mentioned the word "headquarters".

[Yorkiegirl16]

I do not work for Wachovia Mortgage. I do have dealings with Wachovia Mortgage in Raleigh but that is as far as my association with them goes.

[Carolina Blue]

Originally Posted by BrianH1970

I guess when loan review was outsourced to India last year it was really a call center function, right? I guess since more of loan review is gearing up to go that's really a call center function as well. The jobs that were up in New Jersey that got sent over to India...those were call center jobs too, right. IT jobs, the ones that were mentioned to be outsourced, they're call center too I suppose. The processing jobs that were mentioned in the articles...call center.

Here is your original quote. Given your "elaboration" about what you meant by "Loan Review, then the answer to your original question above is "YES", those were "back office" functions. Just like call center jobs are "back office" functions. I'm amazed at how little you know about the unit you work for and how it fits into the overall structure of the total company. B-A-C-K O-F-F-I-C-E functions. Those are the postions being sent to India.

[BrianH1970]

Originally Posted by Carolina Blue

Here is your original quote. Given your "elaboration" about what you meant by "Loan Review, then the answer to your original question above is "YES", those were "back office" functions. Just like call center jobs are "back office" functions. I'm amazed at how little you know about the unit you work for and how it fits into the overall structure of the total company. B-A-C-K O-F-F-I-C-E functions. Those are the postions being sent to India.

You've just read way too much into things and really need to pay attention to what you're being told. We agree that they're back office jobs. You denied that loan review was going to India and it's been proven that they are. I'm just stunned at where you've come up with your stuff with no real basis to back it up. There is a function in my building called L-O-A-N R-E-V-I-E-W. Whether you agree with the title or not, that is what it's called. They work one floor below me as I work in the IT department (which I've said before). There is literally nothing more that needs to be added as I can't figure out any other way to say this.

So since you've just been proven wrong I'll start this over:

Wachovia is outsourcing their loan review department to India....8 jobs, seven from Winston Salem are going to India...Genpact has been sitting with people from Winston Salem and Charlotte...

[Carolina Blue]

Originally Posted by BrianH1970

You've just read way too much into things and need to pay attention.

Since you've just been proven wrong I'll start this over.

Wachovia is outsourcing their loan review department to India....

How about this..."Wachovia is outsourcing Loan Review postions in their Mortgage unit"?

The reason I'm giving you a hard time is you call yourself an "insider". Imagine someone considering a postion in "the other Loan Review" group and reading your posts. They are misleading. Apparently not because you are trying to be malicious, but simply because you do not understand the total structure of the bank; or most banks. For example, you do not realize that in banking, including at Wachovia, when most people talk about “Loan Review” they are talking about the auditing groups I mentioned before (note I provided links that referenced Wachovia's "Loan Review" group). I suppose in your “small” unit, people refer to “loan processors” as “Loan Reviewers”. Perhaps. But I have not been proven wrong. You actually haven’t provided any proof to any of what you have said.

[Carolina Blue]

Originally Posted by BrianH1970

So since you've just been proven wrong I'll start this over:

Wachovia is outsourcing their loan review department to India....8 jobs, seven from Winston Salem are going to India...Genpact has been sitting with people from Winston Salem and Charlotte...

You know what. I take it all back. I tried to be nice, but I read your post again (see above). Its obvious you have no idea what you are talking about and are making up stuff. You made the quote above which was taken from the following release (see below). They’re not even talking about “Loan Reviewers” in the Mortgage group. That article is about outsourcing the ACH payment area. That’s part of the Treasury Services group.

Link: http://www.journalnow.com/servlet/Sa...=1173350387461

[Miker2069]

Before this spirals downward...let's just agree to disagree. There is a lot of good information, links to articles, and a pretty decent dialogue. The debate is interesting to watch and informative, and it can continue as long as it maintains the courteous tone it has so far.

Thank You,

Mike

[BrianH1970]

Originally Posted by Carolina Blue

How about this..."Wachovia is outsourcing Loan Review postions in their Mortgage unit"?

The reason I'm giving you a hard time is you call yourself an "insider". Imagine someone considering a postion in "the other Loan Review" group and reading your posts. They are misleading. Apparently not because you are trying to be malicious, but simply because you do not understand the total structure of the bank; or most banks. For example, you do not realize that in banking, including at Wachovia, when most people talk about “Loan Review” they are talking about the auditing groups I mentioned before (note I provided links that referenced Wachovia's "Loan Review" group). I suppose in your “small” unit, people refer to “loan processors” as “Loan Reviewers”. Perhaps. But I have not been proven wrong. You actually haven’t provided any proof to any of what you have said.

I never called myself an insider, I am an employee. Second, you can stop with what you assume I know or what I don't know. I've proven that I work for the bank. Your assumptions have been so innaccurate that you've made this thread more difficult than it needs to be.

First of all, that's YOUR interpretation of what someone would think about Loan Review. The function one floor below me is called LOAN REVIEW. Again, no matter how somebody interprets (or misinterprets) what the functions are, that is what it's called. THAT is what is being outsourced. I've repeated this time and again and it's been posted NUMEROUS times over. It is not your concern about how others interpret the function of LOAN REVIEW. That was the name of the department before I worked for Wachovia, it's currently the name, and most likely be the name of the department when it is outsourced to India.

The group you mentioned in your post is yet ANOTHER group that is being outsourced along with the LOAN REVIEW PEOPLE.

You're assuming what I know and what I don't know. You accuse me of "making stuff up". I have no reason to mislead anyone. It doesn't matter if you've tried to be nice or not. I've been as direct as humanly possible and yet you circle the issue like a wagon trail (you still haven't directly answered my question about whether or not you'd work for Wachovia knowing what you know and you still haven't answered DUKE's question). I've looked back at nearly all of your posts in this thread and it stuns me how you either still don't get it or you're just looking ten steps up and ignoring the first few. Even this one...

This is what you said, "their office is in Raleigh". Fact is, that unit has several offices in several cities and the headquarters is in Charlotte. What I'm trying to figure out is, if you work for Wachovia in the Retail Mortgage group, how is it that you don't work for Wachovia Mortgage? Oh well.

Yes the headquarters is in Charlotte. There's also the CIC and URP buildings as well. This is what I'm talking about and this is what you keep missing over and over and over again. This is where the oustourcing is happening but yet you keep missing this.

Ughhh........

[BrianH1970]

Hey Miker...since when does accusing me of making stuff up keep in with the courteous tone.

[Carolina Blue]

Originally Posted by Miker2069

Before this spirals downward...let's just agree to disagree. There is a lot of good information, links to articles, and a pretty decent dialogue. The debate is interesting to watch and informative, and it can continue as long as it maintains the courteous tone it has so far.

Thank You,

Mike

Yeah, I'll just agree to disagree and move on. My posts along with the links provided speak for themself.