http://reversemortgagedaily.com/2008/01/21/indymac-job-cuts-impact-financial-freedom/ Reverse Mortgage News and Information Fri, 21 Nov 2008 23:59:44 +0000 http://wordpress.org/?v=2.3.1 http://reversemortgagedaily.com/2008/01/21/indymac-job-cuts-impact-financial-freedom/#comment-3108 Mortgage Lady Tue, 22 Jan 2008 14:57:21 +0000 http://reversemortgagedaily.com/2008/01/21/indymac-job-cuts-impact-financial-freedom/#comment-3108 Financial Freedom has already cut its Operating Centers to the core. Loan officers are struggling to get loans processed and closed. Good qualifed loan officers are jumping ship because they cannot get their loans closed and do not have support. Both of these are key to remaining in business and competitive. The only way Financial Freedom can survive is to get rid of the management that created the mess the company currently suffers. If I were a purchaser, I would ask why it takes over 60 days to get a loan closed and why management has not responded. Cutting more people, even 5%, will further erode the ability of the company to operate. What is going on at Financial Freedom is not all IndyMac's doing. The key people at Financial Freedom have not responded in years to the coming competitive pressures and worked to make the loan process an efficient,smooth process. Financial Freedom has already cut its Operating Centers to the core. Loan officers are struggling to get loans processed and closed. Good qualifed loan officers are jumping ship because they cannot get their loans closed and do not have support. Both of these are key to remaining in business and competitive.
The only way Financial Freedom can survive is to get rid of the management that created the mess the company currently suffers. If I were a purchaser, I would ask why it takes over 60 days to get a loan closed and why management has not responded.
Cutting more people, even 5%, will further erode the ability of the company to operate.
What is going on at Financial Freedom is not all IndyMac’s doing. The key people at Financial Freedom have not responded in years to the coming competitive pressures and worked to make the loan process an efficient,smooth process.

]]> http://reversemortgagedaily.com/2008/01/21/indymac-job-cuts-impact-financial-freedom/#comment-3090 Concerned Mon, 21 Jan 2008 22:42:59 +0000 http://reversemortgagedaily.com/2008/01/21/indymac-job-cuts-impact-financial-freedom/#comment-3090 Who do you think will buy Financial Freedom, if Indymac is willing to sell? Do you think it is possible for FF to become independent with no financial backer like Indymac? Any answers you have would be greatly appreciated. Who do you think will buy Financial Freedom, if Indymac is willing to sell? Do you think it is possible for FF to become independent with no financial backer like Indymac? Any answers you have would be greatly appreciated.

]]> http://reversemortgagedaily.com/2008/01/21/indymac-job-cuts-impact-financial-freedom/#comment-3089 Greg Gulliford Mon, 21 Jan 2008 21:47:39 +0000 http://reversemortgagedaily.com/2008/01/21/indymac-job-cuts-impact-financial-freedom/#comment-3089 Thanks for keeping us informed about Financial Freedom. What a great opportunity for somebody! Thanks for keeping us informed about Financial Freedom. What a great opportunity for somebody!

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