Layoffs - Panicking

If you have been following my posts this year, I have been trying to give timely advice.  When your company says TEAM, be sure they mean "Ride or Die" not just when its "Convenient".  Be sure you have a path to a great retirement and are not part of a news headline.

I have been speaking of the Margin Squeeze and the importance of Sustainable Growth Rate. (Click Below)

http://southeastmortgage.blogspot.com/2018/05/history-repeats-look-under-hood.html

If your company understands these two concepts, they should be navigating around bad

paths.  Those that focus on national rankings are now experiencing the wrath of the two concepts above and panicking. (Click Below for an example)

https://www.housingwire.com/articles/43564-movement-mortgage-lays-off-100-employees-in-anticipation-of-slower-growth?eid=311688505&bid=2124212
https://www.housingwire.com/articles/43564-movement-mortgage-lays-off-100-employees-in-anticipation-of-slower-growth?eid=311688505&bid=2124212

You will start to see more of this type news.  You will not hear about the good people who have to start again with another company.  Be sure your company is putting you and your family first and is on a path to provide a great retirement for your family. (Click Below)

http://southeastmortgage.blogspot.com/2018/05/you-and-your-familys-destination-is-our.html

"At Southeast Mortgage, we have been hiring both Mortgage Loan Originators and Operations Support as well as investing in some pretty cool technology that will blow the socks off competition in the near future.  We do not see the slow down stated in the news.  I do believe the current environment will expose some critical flaws in the business strategy of many companies in the Mortgage Industry.  This will be my 4th cycle and I am amazed how history repeats itself.  I hope good employees align with experience this time and enjoy the ride."  Cal Haupt, Chairman and CEO, Southeast Mortgage of Georgia, Inc.

www.southeastmortgage.com