They love layoffs! - Manager Open Mortgage Employee Review

Thank you for your feedback. Open Mortgage, like other companies, has an obligation to customers, business partners, and employees to make difficult decisions to ensure the ongoing success of the business. Rising interest rates and a slowing housing market have resulted in staff reductions at nearly all mortgage companies nationwide. We have not been immune to those challenges. No one loves layoffs; unfortunately, excellent employees were affected. Although health insurance premiums did increase this year, Open Mortgage took on much of the cost of the increase to keep increases for our employees as low as we could. It was not announced, but the owners did give up their salaries as part of cost-saving measures. If you would like to discuss your concerns further, we encourage you to contact HR anytime. We wish you the best and appreciate all you did as part of the Open Mortgage team.