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I just got this email from my account executive at Option One. I have no idea how extensive these layoffs are or if they just didn’t do a good job and are using the recent conditions as a scape goat – but I thought I’d pass it along in case any one else heard anything as well. Please note I cannot confirm if these are wide-scale or not at this time.
It is with a heavy heart that I let you know that I am no longer with Option One.
We know the subprime market has been volitle in recent months to say the least and this last week was even worse.
Option One has made the decision to cut much of it’s sales force and I am one of the ones that will be going.
I am not sure how long my email account will be working so I atleast wanted to get you a quick email.
Thank you for all your business, it has been a pleasure working with you and good luck with everything
Account Executive
Option One Mortgage
www.optiononebroker.com
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August 30, 2007 at 11:50 am
[...] push towards conforming-only products (that is unsubstantiated at this time). The company also pared their outside sales-staff down significantly ...