Citi Holdings
Opinion Please

Cornelius, NC

#95 Aug 4, 2009
Looks like there are many new positions opening up across the country in the Mortgage Business. Here's my question - Do you all think that someone looking for a job "post Citi" is black-balled or branded as "do not hire"????? Has anyone experienced it?
CFNA

Morganton, NC

#96 Aug 5, 2009
Opinion Please wrote:
Looks like there are many new positions opening up across the country in the Mortgage Business. Here's my question - Do you all think that someone looking for a job "post Citi" is black-balled or branded as "do not hire"????? Has anyone experienced it?
It's up to HR. When you leave Citi, depending on the circumstances, you are either eligible for rehire or you are not. If you leave under normal circumstances you are usually eligible for rehire. If you are termed for misconduct, ethics or something like that then chances are you are coded not eligible for rehire.

As a side note, if a prospective employer calls HR for a reference the ONLY thing Citi will tell them is your dates of tenure and whether or not you are eligible for rehire. They give no other information.
Work Life Balance

Glenview, IL

#97 Aug 5, 2009
When I was recruiting for employees in 2007, HR wanted me to look at Citi employees who were impacted by the 2007 layoffs. Even if their qualifications weren't perfect, they wanted me to give them a chance. If you were a good employee (reviews were above par) I'm sure they'd look at you. It's easier to employ someone who knows what they are getting into vs. risking an outside hire who can't handle the dysfunctionality of Citi.
Opinion Please wrote:
Looks like there are many new positions opening up across the country in the Mortgage Business. Here's my question - Do you all think that someone looking for a job "post Citi" is black-balled or branded as "do not hire"????? Has anyone experienced it?
Stressed at citi

Warren, NJ

#98 Aug 5, 2009
Citispouse wrote:
<quoted text>How silly. If you had 2 brain cells to rub together you'd realize that the training is for future performance, it's too late for the past. Again, have you been doing this long?
I sure wish Citispouse would get a job so he would have less time to blog and talk smack . It seems like he has way too much time on his hands if his days are made meaningfull by commenting on a business his WIFE is in hey Citi get off her coat tails and go to work you will have less time to blog but better for us !
Opinion Please

Cornelius, NC

#99 Aug 5, 2009
Work Life Balance wrote:
When I was recruiting for employees in 2007, HR wanted me to look at Citi employees who were impacted by the 2007 layoffs. Even if their qualifications weren't perfect, they wanted me to give them a chance. If you were a good employee (reviews were above par) I'm sure they'd look at you. It's easier to employ someone who knows what they are getting into vs. risking an outside hire who can't handle the dysfunctionality of Citi.<quoted text>
No guys....I mean if you were a former CITI employee do you think that other mortgage lenders you apply at will blackball you because you were associated with Citi??.(guilt by association) Face it there's a black cloud and not too clean reputation hanging over the Big "C". Do potential lenders shun you because of it?
youknowwho

Louisville, KY

#100 Aug 5, 2009
Married w Kid wrote:
Duh, citispouse is a man. Has he ever put himself out there as a woman? From reading the posts, it never occurred to me that he is a female.
Anyway, I heard that some east TN and AL branches will be closing.
Citispouse is a bitch regardless
Citispouse

Warrenton, VA

#101 Aug 6, 2009
Stressed at citi wrote:
<quoted text>I sure wish Citispouse would get a job so he would have less time to blog and talk smack . It seems like he has way too much time on his hands if his days are made meaningfull by commenting on a business his WIFE is in hey Citi get off her coat tails and go to work you will have less time to blog but better for us !
Keep imagining you understand our situation if that helps you cope with your own incompetence. If you'd do your job you wouldn't be stressing about losing it.
Citispouse

Warrenton, VA

#102 Aug 6, 2009
youknowwho wrote:
<quoted text> Citispouse is a bitch regardless
Hello hick, heard any good banjo music lately?
citiguy

Willoughby, OH

#103 Aug 6, 2009
There are 2 sides to every issue-
You consumers need to be educated about debts
and personal finance- don't blame us for your
inability to control your finances- I am a
citifinancial employee and see some ridiculous
spending habits and disastrous financial choices..
Do blame us when we lie or misrepresent the
truth to you consumers, and or pressure you with
bullying tactics...Don't blame us when you
make one payment on a 10k loan and file bankruptcy
citiguy

Willoughby, OH

#104 Aug 6, 2009
....Remember, what goes around, comes around..
when you borrow money that you cannot afford
to pay back, or don't intend to pay back then
don't complain about our "high rate" of interest..

When you blame us for calling you about your
late payments, or ignore our attempts to contact
you about a debt- you are being irresponsible..
..Let me ask you- how long would you wait to
call if your own paycheck was delayed ?????
citiguy

Willoughby, OH

#105 Aug 6, 2009
To all the honest hard-working Citifinancial
employees-don't let upper management pressure
you to compromise your ethics- do the right
thing for you and the customer and we will all
be rewarded.....
To those who don't care about their obligations
or credit don't whine when you get garnished..
To those who fall on hard times-get help and
find out about your options- seek financial advice
watch/listen/read Dave Ramsey Total Money Makeover
citiguy

Willoughby, OH

#106 Aug 6, 2009
To fellow Citifiers- whats up with the recent
reviews/ new system?/ Like to hear from any
other employees...Hint (read between the lines)
whereRUfrom

Reston, VA

#107 Aug 7, 2009
where is Citispouse from NY or VA? what a loser!
blam

High Point, NC

#108 Aug 7, 2009
citiguy wrote:
There are 2 sides to every issue-
You consumers need to be educated about debts
and personal finance- don't blame us for your
inability to control your finances- I am a
citifinancial employee and see some ridiculous
spending habits and disastrous financial choices..
Do blame us when we lie or misrepresent the
truth to you consumers, and or pressure you with
bullying tactics...Don't blame us when you
make one payment on a 10k loan and file bankruptcy
Pretty harsh words when Citif.lends to people with a 35% gross atp. You know full well that person cannot pay it back, in fact 1 AD says they could pay it back if they eat every 3rd day. What the consumers are normally doing with that $10k is paying atty's, consol.the debt they want to payoff then file. On the bright side those customers usually take insurance as well since they are not going to pay it back. Before you blame the consumers on every loan, you know the ATP, basically if its gross it should be 60% to be sure its going to pd back, if not thats what deferments, rbo's, aot's are for, less you forgot
citiguy

Willoughby, OH

#109 Aug 8, 2009
blam wrote:
<quoted text>
Pretty harsh words when Citif.lends to people with a 35% gross atp. You know full well that person cannot pay it back, in fact 1 AD says they could pay it back if they eat every 3rd day. What the consumers are normally doing with that $10k is paying atty's, consol.the debt they want to payoff then file. On the bright side those customers usually take insurance as well since they are not going to pay it back. Before you blame the consumers on every loan, you know the ATP, basically if its gross it should be 60% to be sure its going to pd back, if not thats what deferments, rbo's, aot's are for, less you forgot
Interesting- if your assertion were
correct about the atp issue- then we would have
a much larger default rate- by the way, I'm not
blaming the consumer- I am saying that the consumer needs to accept responsibility for the
debts that they agree to legally sign for....
ie, it's not my fault, nor the companies fault
that people with irresponsible spending patterns,
drug problems,poor work job attendance that leads
to firings, etc, etc don't pay back their bills..
if we (as employees) lie or deceive customers
about rate, term and payments then WE DESERVE
THE BLAME... As a final example- we get
customers with insurance claims that are too lazy, or irresponsible to return paperwork that
would pay their bill and thus they default on
our debt.....
Citispouse

Warrenton, VA

#110 Aug 8, 2009
whereRUfrom wrote:
where is Citispouse from NY or VA? what a loser!
The poser from NY *is* a loser.
blam

High Point, NC

#111 Aug 8, 2009
citiguy wrote:
<quoted text> Interesting- if your assertion were
correct about the atp issue- then we would have
a much larger default rate- by the way, I'm not
blaming the consumer- I am saying that the consumer needs to accept responsibility for the
debts that they agree to legally sign for....
ie, it's not my fault, nor the companies fault
that people with irresponsible spending patterns,
drug problems,poor work job attendance that leads
to firings, etc, etc don't pay back their bills..
if we (as employees) lie or deceive customers
about rate, term and payments then WE DESERVE
THE BLAME... As a final example- we get
customers with insurance claims that are too lazy, or irresponsible to return paperwork that
would pay their bill and thus they default on
our debt.....
If you know they cannot pay but every 3rd day I take the blame, still do the loan because the saying goes "loan like your leaving". Most consumers are trying, there are some that are slack with claims but in proper perspective as well they probably do not have insurance on all bills, therefore if a couple go bad because of situations what point is it to fill out forms at $10/a crack, but we only care about our bill, rightfully so. Again, I've done this for years and if not for 4+deferments a year, RBO, AOT's you would have a larger default rate. If you work it right a customer can keep there loan current and not pay for 6 mo's, I know I've done it for them with deferments, RBO's etc and we consider them good customers because the acct is up-2-date. I came from a co.which only had 1 deferment a year & no RBO's & yes are default was higher. Once I got w/Citif.and saw all the "help" given to customers I knew I could beat the 1.4% and did on a regular basis for numerous office's. We all deserve blame, remember the default rate means we keep 98%+of our customers paying "on time". What does that say about our customers then?
In the Know

Ripley, TN

#112 Aug 9, 2009
What is going on in the branches? How are the employees reacting to all the hype? Are they concerned about there job? I know that HO Baltimore employees are a little up tight right now as I have talked to them. What can we do to ensure our future? I am tired of hearing how profitable we use to be and can be, etc. Lets do whatever it is that were going to do and stabilitze everyone's lives. If you had a chance to apply for a higher department head, would you at this time in your career? Is now a good time to be trying to move up the chain or do you think that you would be safer in the branch or where you are right now? Confused as usual!

Communication seems to be the lack of throughout the company and I see this in the states as well as here in Canada. The AD's and up are keeping the situation hush hush and trying to act like everything is ok knowing that its not. We need to stand together in this and help each other in a time of need.

The employees of Citi are the same as our customers! Many are hurting and finacially in distress themselves! Now, I have heard that they are mandating a test in the states for real estate lending and if you dont pass, your gone! Is that true?
Charmciti

United States

#113 Aug 10, 2009
This seems to be way off topic. Citispouse get a job your post and the responses to you are wicked annoying.
Why is the stock increasing. It seems like something is going to happen.
The Fixer

New York, NY

#114 Aug 10, 2009
Ah yes "Lend like you're leaving...", an attitude that's been very pervasive throughout the banking industry for decades now... And really the sad thing is that it's not really done with the concept of providing an actual 'service' to the customers.

Think about it, as this problem with improper loans being made grew and grew over the years, and bankruptcy's become a 'percieved' problem with the consumer (of course not a result of the financial industries making stupid loans, oh no of course not!!! NEVER can be the bank's fault...) the banks lobbied, bribed, and effectively hijacked the bankruptcy laws to reduce their risk of totally losing all money.

Yet the bank 'shills' and apologists on this forum will piss and moan that nobody "forced" the public into taking these loans from the banks, and yet what was Citi's oh so great marketing campaign telling the average american? "Live richly." Screw the fact that you're not really rich, get your credit cards and loans from us and LIVE like you're rich (oh and by the way, don't try and declare bankruptcy when you find out you've been screwed, we've closed that little loophole on you).

The fact used to be people were educated by their schools and parents on what credit is and its long term affects. Even as far back as the 80's that was pretty much no longer true. For my parents and my parents parents it was pretty much understood that unless you already had money or a significant, tangible asset, you shouldn't even bother applying for credit. They were taught to save their money, make that 20%+ down payment for the home, avoid the second mortgages, and I don't even think they had a thing called "home equity line of credit" back then. Now the banks have so many ways to give money, and twice as many ways to make sure that they get their pounds of flesh from us it's more than just a 'bit' confusing.

I have a friend who's wife had no less than 6 different ACTIVE Discover card accounts. How'd this happen? Discover sent the first card with a 6 month expiration date, a month before the card was going to expire a new card would show up with a slightly different iteration of her name, and that card would be set to be expired in 6 months. The previous card would be replaced with a 2 year expiration since it was in good standing and 5 months after receiving the second card, she'd get a 3rd card, with yet another slightly different iteration of her name, and so on until she had 6 active accounts.

When she got overwhelmed with all the credit card charges and such, instead of declaring bankruptcy, she went into credit counseling and worked out a plan.

Even during the plan she was receiving "pre approved" credit card offers from the various companies she was in credit counseling with. The entire duration of the plan 5 years, she constantly received these offers.

Why is it her fault that the banks are sending her "pre approved" offers? In this case theoretically the banks have checked over her credit, and even with the credit issues, blatant on her credit report, even with the account history the banks should have on her in their own databases, THEY STILL OFFERED HER CREDIT!

No, stop trying to lay this at the feet of the american public. The banks are at fault and quite frankly we should borrow from the ancient Jewish tradition and declare "Jubilee" and 100% of all debts are erased. If the US government did this at regular intervals you can be damn sure that the banks would be a crapload more carefull before making loans and extending credit.

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