u/DrinkCandid9342

▲ 13 r/loanoriginators+1 crossposts

Anyone have success in defeating Guaranteed Rate or any other lender who you took a signon bonus when hired but was terminated before earned Anniversary date? Also qualified for a large production bonus threshold on the month I was terminated.

Was terminated by a call from HR, was told not for cause for a loan they claim they can’t sell even though it went through ops and 2 underwritings and was conditionally approved 3 times and CTC 2 times. Closing was delayed by client due to medical issue causing the additional CTC. Eventually closed and got call from HR 3 days later. Never heard from my managers or did they respond to any of my calls, text or emails trying to make sense of what happened.
Also never received any owed commissions for closings from loans closed that month. Also asked HR for recording of termination call which they refused.
Total money grab by this company. Also emailed all my clients and continued to market them.

reddit.com
u/DrinkCandid9342 — 4 days ago