http://www.streetinsider.com/Credit+Ratings/Moodys+Puts+PHH+Corp.+(PHH)+on+Watch+for+Downgrade+Following+Fleet+Deal/9552397.html "The sale of the Fleet Management business weakens the company's franchise strength and results in a more concentrated... — read more 

I was let go earlier this year. Thank you!

Looks like posts pertaining to certain people have been deleted; that doesn't seem too fair for an open forum.

Does anyone know what is happening with Morgan Stanley? I have heard rumors that the processors are getting into trouble for not having the ability to maintain a pipeline of 40 jumbo loans. What is up with that? That is tooo much. They are crazy if... — read more 

Heard the Merrill Lynch contract will NOT be renewed in 2015 and ALL business will shift to Bank of America once the current contract expires; heard this from my personal FA who attended a BofA's town hall a couple weeks ago. PHH will not even exist... — read more 

Anybody heard more about this?

http://www.bizjournals.com/buffalo/news/2014/05/07/phh-mortgage-taking-second-look-at-amherst.html

Heard they fired the HSBC site leader, A transitioned HSBC VP. Any reason why?

I guess volume is picking up again. I got a call wanting to know if I was intrested in interviewing for a position. Many years of service for the company and you had zero compassion walking me out the door (Sullivan and min couldn't even get that... — read more 

Please do not contact attorney below as cannot form suit.

Please call right away! Kevin Costello 856-727-9700

So does anyone have info on the lawsuit? Please post atty info I have lots of info over the past 18 years & would love to expose the illegal nonsense that I personally witnessed...thanks in advance!!

What is going on in the soap box today? Need updates. Anyone? Anything?

This is how it went down - a meeting planner was sent to those on the hit list, perhaps 100 or more at a time. All day long, there were parades of workers marching to a conference room with their dignity in tact then marching back to their desks with... — read more 

Was anyone shorted on their OT hours for the pay that came out today?

So Ms.Manager of the site- you fire my co-workers in front of my eyes. You avoid eye contact when tough questions are asked and now you want us to reposnd to you. You want us to work to the bone for what, to save your job and make you look good? Do... — read more 

Make your communications by end of day- but make sure you're auxed in. Update these loans with templates before end of day. Send an email with the status of your pipeline before you leave. Please see Reg B report and complete by 5. GFE's need to go... — read more 

Lies, under qualified managers, non-productive or caring employees kept? Lower performance employees moved, decisions based on like? When this was happening, did the Senior Management team get information they needed and then cut the people with the... — read more 

Is below true? Who are your sources?

I hear several closed door meetings this week. April will be horrific sources are saying.

They have purposely put us with royal asshole supervisors to stick it to us & basically set us up for failure. The supervisors left are nothing more than totally assholes to us. We are left to fry those let go at least have a chance & got a decent... — read more 

For those of us still there, it's a hell hole. There is no morale. You don't know who to trust. And you don't know if you're going to be tapped on the shoulder and escorted out. We all know it can happen at any time. It happened to training and... — read more 

If you ask me they laid off way too many people. In JAX Merrill processors have 50, 60, 70, or more loans. Key Bank processors have 50, 60, and 70 also. That short joke of a VP over Merrill can go choke on a fat one. Do you really expect to make... — read more 

I here Servicing will have more layoffs tomorrow. this is a very stressful environment to work in

Training and development gone. At least the good ones. They hit the wrong row.

Where are they happening and to who?

Intresting tatic going smaller groups this time. Too much exposure last time? Watching tenure walk out the door again.

It is time to update your resumes and get them out there for companies to see. It is just a matter of time until the next round of shoulder taps come and folks are escorted out the door. The best time to look for a job is when you have one!

After multiple requests to my supervisor asking how I was supposed to process so many loans and not receiving a consistent (or any answer) answer and certainly not being given anything in writing, my team and I have worked A LOT of OT. It wasn't a... — read more 

Anyone have any info about the layoff in Secondary Marketing in Mt Laurel on 3/13? I hear some people with 20 yrs with the company laid off. Is PHH out of the loan origination business?

The customers suffer. They use vendors who don't know their assets from a hole in the ground. They have no real process on how to do anything. They overload the loan processors with files as make it impossible to provide the level of services "sold"... — read more 

You know what you are doing is wrong. You know the business practices are subpar and don't even come close to meeting compliance. You have hurt your teams, the people who have stood by you, and the new people trusting you by allowing such... — read more 

Business is business but.....No on seemed to want to take responsibility as to what determined who was let go and who stayed. What a terrible experience to rounded up and herded off for the kill...The Green Mile! It felt like being guilty of... — read more 

No one cares anymore & management is just collecting paychecks while getting small bonuses off to the side. The knives still have blood on them and some still cant look others in the face during meetings which is very interesting at times. It's... — read more 

VP over sales and lp in Jax complete Napoleonic complex.....hates women....lies to your face about commission stating it is secretive while paying his buddies over $3000 a month. Tries to play the good guy always smiling while stabbing you in back... — read more