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12-07-2007, 02:40 PM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,119 posts, read 3,539,888 times
Reputation: 670
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LendingTree Closes!
I used to work at LendingTree (LTL), and left in April.
Still have a lot of friends there....well not anymore.
My friends just informed me that the Charlotte Branch was laid off!
That's about 400-500 employees!
We're waiting to see if the California branch was laid off as well.....
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12-07-2007, 02:42 PM
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Senior Member
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Join Date: Mar 2007
1,806 posts, read 1,504,554 times
Reputation: 349
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Only the strong survive! 
It is sad about the employees. I believe we have far surpassed the 100k mark for mortgage industry jobs lost. |
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12-07-2007, 02:53 PM
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Competition breeds winners
Status:
"Watching peoples dreams go down the toilet"
(set 25 days ago)
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Join Date: Sep 2007
15,609 posts, read 5,174,123 times
Reputation: 1578
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Quote:
Originally Posted by banker0679
I used to work at LendingTree (LTL), and left in April.
Still have a lot of friends there....well not anymore.
My friends just informed me that the Charlotte Branch was laid off!
That's about 400-500 employees!
We're waiting to see if the California branch was laid off as well.....
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Any idea if they are doing it to outsource, reduced business, an increase in employment at their California branch, due to automation, or removal of jobs? |
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12-07-2007, 02:56 PM
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Fill in the ________:-)
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Join Date: Aug 2007
782 posts, read 1,025,462 times
Reputation: 172
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wow....it is a bad time of year to lose your job. I do feel sorry for anyone in that predicament.
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12-07-2007, 03:15 PM
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Senior Member
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Join Date: Mar 2007
1,806 posts, read 1,504,554 times
Reputation: 349
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Quote:
Originally Posted by pghquest
Any idea if they are doing it to outsource, reduced business, an increase in employment at their California branch, due to automation, or removal of jobs?
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Most likely shutting the whole company down for good as is happening to mortgage companies across the country. Check out the "lenders implode-o-meter" The Mortgage Lender Implode-O-Meter - tracking the housing finance breakdown, related to Alt-A and subprime mortgages, lending fraud, predatory lending, housing bubble, mortgage banking, foreclosures, debt, consolidation, lawyers, class-action lawsui |
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12-07-2007, 03:33 PM
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Competition breeds winners
Status:
"Watching peoples dreams go down the toilet"
(set 25 days ago)
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Join Date: Sep 2007
15,609 posts, read 5,174,123 times
Reputation: 1578
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Quote:
Originally Posted by TimtheGuy
Most likely shutting the whole company down for good as is happening to mortgage companies across the country. Check out the "lenders implode-o-meter" The Mortgage Lender Implode-O-Meter - tracking the housing finance breakdown, related to Alt-A and subprime mortgages, lending fraud, predatory lending, housing bubble, mortgage banking, foreclosures, debt, consolidation, lawyers, class-action lawsui |
Well I hate to assume anything when dealing with things this sensitive.
I've applied several times through them.. Never closed once.. Always ended up closing elsewhere because their offers were never firm and each bank would need to run seperate applications.
Shame, nice idea.. good process.. not a good followup on behalf of lendingtree. |
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12-07-2007, 03:51 PM
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Senior Member
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Join Date: Mar 2007
1,806 posts, read 1,504,554 times
Reputation: 349
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I would have never gone through lending tree .com for a mortgage, same as I would never give my info to a place like lower my bills.com
These go to brokers who buy leads. If you are a good mortgage guy/gal that you don't have to buy leads.
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12-07-2007, 04:02 PM
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Senior Member
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Join Date: Sep 2007
108 posts, read 103,999 times
Reputation: 24
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Quote:
Originally Posted by TimtheGuy
I would have never gone through lending tree .com for a mortgage, same as I would never give my info to a place like lower my bills.com
These go to brokers who buy leads. If you are a good mortgage guy/gal that you don't have to buy leads.
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What place/company would uyou recommend to apply for a mortgage loan these days? |
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12-07-2007, 04:53 PM
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Member
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Join Date: Jul 2007
71 posts, read 63,595 times
Reputation: 18
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PHH Mortgage (does business as Century 21 Mortgage, Coldwell Banker Mortgage, ERA Mortgage, etc) is who I'd recommend. They are a top ten lender, they are not a broker, and they never got involved in sub prime like many of the other big lenders.
I'm sure there are others but I'd recommend sticking with large direct lenders.
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12-07-2007, 05:57 PM
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Junior Member
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Join Date: Dec 2007
1 posts, read 1,792 times
Reputation: 10
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Uh . . .no
The Charlotte branch did not close and neither did the California branch.
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