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 they think they can keep MS from finding out what is happening. NO OT allowed or very limited OT. Everyone is over capacity yet the company is forcing people to work without being paid. I am glad that I was moved away from Morgan and Merrill, I like my portfolio position quite fine. Harp loans are easy peasy!!!
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Glad to hear that things are better over there. Things are good on the home loans side. It is a less stressful environment and management is much more caring of their employees. The thought of being on the PLS side makes me feel ill. I wish nothing but the best for the company but at the same time, I am afraid of what is to come.
Calling BS. I've heard Morgan is doing OK. Aged files look good (I've seen the pipeline report), IWR is higher than 6 months ago, and Morgan bankers are quieter.