For former AHM employees and anyone in a similar situation
Posted in the American Home Mortgage Holdings Forum
#1 Aug 13, 2007
We have read and continue to read the headlines and the history of what has happened to AHM within past weeks. And whatever your opinions are as to what happened...it happened and now it is time to start over.
I am curious on how you are all doing this week, what your feelings are and what you think is your next steps. Are you continuing to remain in the mortgage industry or are you seeking out new opportunities?
I will let you know that I am still a bit angry at how everything happened, but now the biggest emotion I feel is feeling lost. I have a 15 year mortgage career that I am trying to decide is it still worth continuing. I have wanted to go into a different direction, but not sure where to go and am not sure what my first steps should be...
For those of you who are reading to be curious, please remember that regardless of what your feelings are regarding AHM...that there are 7000 people who are out of work and trying to find direction...so if you aren't here to help please refrain from any negative comments.
#2 Aug 13, 2007
I'm sitting here trying to decide the same thing. I have over 20 years in the business, I had 2 branches that I ran for AHM. Trying to get a job now is dicey, there are so many of us out here looking, the offers are there, but basically no sign ons, and we have no pipelines left (we sent the pipeline to another lender to get closed so the customers would not suffer). Foreclosures are way up, not sure what to do or where to do it. There are so many companies closing....a lot of pain right now...
Since: Aug 07
#3 Aug 14, 2007
Well...I sent another resume out today...but I am not getting much response back yet...except for offers to be a loan officer (I was a loan officer prior to working at AHM). Unfortunately, I found out that I was not cut out to be a loan officer (at least the kind it appears you need to be in order to be successful at it) and a steady paycheck is a must for me.
So...I am not sure whether to be angry or relieved...the past few months at AHM were very stressful. I will not lie and say I enjoyed every minute...I did not, in fact, I really did NOT like working there except for working with my boss and immediate co-workers. There were the only reason why it was bearable.
However, I am tossing around working with a career counselor. I have found someone that I seem to like...although the price is pretty steep. Has anyone worked with one before and if so, what were the pros and cons (besides cost). Did it help?
#4 Aug 15, 2007
I think we are all in the same boat at this stage. I have also worked as a loan processor for a good ten years. I did go on an interview in Woodbury. They are looking for FHA Processors/Subprime. Lauren Rant Corporate Recruiter/Mortgage Line Financial Corp./www.mlfcorp.com/office:
I am also considering going to work in Manhattan, I think I will have a better chance than out here on Long Island, with all of us ex-employees, it's going to be very hard to find a decent job with decent pay. Now there's a lot of talk about reverse mortgages, so that would be something to look into if you are a loan officer. If you have a bachelors degree I suggest you try getting a position in Finance or an Administrative position.
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