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Post# of 729583
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PinkZombie

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Re: JusticeWillWin post# 682890

Wednesday, 03/23/2022 7:14:00 AM

Wednesday, March 23, 2022 7:14:00 AM

Post# of 729583
Seems to me there might be more to this loan portfolio acquisition. They are bringing on 500 employees and will service 140,000 loans. That works out to 280 loans per employee for something that's really fairly automated. I'm speaking in generalities of course. Not every employee will be servicing loans I'm sure. They mention expanded default services, which is a good thing for any market headwinds, but that loan to employee ratio seems low to me. So what does COOP need 500 employees for? Oh yea.

I operate on common sense. Common sense is not available to everyone.

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