Massive Job Cuts” — just a really, really bad idea!

You’ve seen those Press Release Headlines. “Such-and-Such announces 12,000 more jobs to be Cut”.

We can all appreciate that in the normal lifespan of an economic cycle there will be need and times for displacement and replacement of anything and everything that comprises the make up of a vibrant company.

However, there are clearly things you can and should do and things you just don’t do.

Headers like the one above isn’t just something you don’t, but it is not much better than taking a fully loaded pistol, taking dead aim at a glossy target painted on one of your big toes, and squeezing the trigger.

This kind of announcement, all too common today, simply makes a bad situation much worse. It tells too many of people you need just enough for them to take cover for their own sake.

a) It tells most industry leaders that this is a company that clearly grossly mismanaged its business in boom years.

b) It tells everyone that this company’s downturn plan is no better than the boom-years one that got them into this mess.

c) It tells their best clients that they should consider placing some back-up orders with competitors. just in case.

d) It tells best prospective clients that maybe they were right in not making the changeover to the distressed company as a potential supplier.

e) It tells the company’s best employees that they should start looking right now while they have a job and can negotiate a better package.

This means that much of the qualitative value of the company’s products / services will begin to suffer.

f) It tells newer recruits to beware and maybe shop their skills, knowledge, and innovative mindset elsewhere. further impacting negatively on the company for many years to come.

g) It tells creditors and the people who fund the company’s day-to-day operations that they should perhaps protect themselves by tightening credit / loan guidelines and reducing the amounts available.

h) It tells suppliers to reign in supplies and tighten terms making production runs often shorter and more cost-per-unit less effective and reducing per-unit profits.

i) It tells competitors that this company is in trouble and ripe for the picking.

j) It tells shareholders that maybe they should get out while there is still something to get out.

k) It tells new-money fund managers that this company is a higher risk than before the self-disclosed on-the-brink distress signal.

There is nothing positive in a negative press release. And, there is absolutely no reason for massive job cuts at any time unless to confirm that this management team is looking for a severance package. And, there are many who are.

In the final analysis, massive job cuts just toss out the baby with the bathwater, and totally remove its value assets necessary to stabilize, to re-energize, and to re-surge to prominence.

What positive can be gleaned by a business that can wreak such social and economic havoc on a village, town, or city and wipe out entire retirement plans of people who can least likely recoup any of it?

This isn’t a social commentary on corporate responsibility or irresponsibility.

There are responsible ways to handle growth in boom years. And, there are even better ways to grow in downturns.

There is no reason why a small company can’t triple its business in downturns and large companies show real growth of over twenty percent in downturns.

John W David
Author / Teacher / Speaker
http://internetmarketing-proshop.com

Tags: loan improvement, improvement loan insurance, credit improvement loan, land improvement loan, business improvement loan
improvement loans

Once you find a lender you are comfortable with, you will begin the mortgage process by making an application with the lender. Obtaining a mortgage to purchase a home is a process, not an event, beginning with the application and ending with the closing.

Applications may be taken by loan officers in person, by phone, or by mail. Different lenders have various preferences, although most will require original signatures on applications and disclosures at some point in the process.

You will be expected to provide information about your income, assets, and personal information at the time of application, and during the process. Lenders will ask you for documentation to prove information such as:

W-2 forms for last 2 years

Paystubs to cover a monthly pay period with YTD information

Bank Statements

Drivers License

Contact Information for Landlord or Rental Mgt. Co.

If you are getting a pre-approval, most lenders will only charge a small credit fee to cover the cost of obtaining your credit, typically $50 or less. Once you have a house under contract, in order to move forward with the process, your lender will usually collect a fee to pay for the appraisal for your home. The purpose of the appraisal is to prove the value of the home to the lender. This fee will be from $300 to $500, depending on your market. You will be entitled to a copy of this report, and you should request a copy of it electronically (usually in a .pdf format)

It is usually at this point in the mortgage process that you will be introduced to the Mortgage Loan Processor, who is responsible for assembling the required documents, verifying them, and sending the loan package in a prescribed order to be underwritten. Processors perform a very critical function in the mortgage process. It is important that you provide all the documentation requested to your processor or loan officer, so that they may submit a complete package to be underwritten.

Once all the required documentation is assembled, it will be sent by courier or sometimes faxed to be underwritten. The Underwriter?s job is to review and make a loan decision based on the information and documentation provided and make certain that it is within the underwriting guidelines set up by the lender.

Usually there will be some conditions to be met for a ?final? loan approval. It is important to remember the complexity of this process and not be frustrated or angry if the processor or loan officer ask you for additional information, sometimes just days before closing is scheduled. Sometimes these requests will seem ridiculous, or asking for information that doesn?t seem pertinent. Keep in mind that the Underwriter is simply trying to do their job, and has checklists they must follow.

Once all the conditions have been received and sent to the Underwriter for review, they will be ?cleared.? After all underwriting conditions have been cleared, the file will be considered ?Clear to Close.? At this time it will be sent to the closing department, where documents will be generated for your closing. These documents will usually be sent by email to the attorney or closing agent.

Once your closing is scheduled, it is important to be in contact with your lender and the closing agent. They will inform you of any additional documentation that may be required for closing, and inform you of the amount of money you will need to pay at closing. Funds for closing will be wired from the lender to the closing agent directly, and disbursed at closing. Closing sometimes happens in a room with all parties present. You have a right to request that your loan documents be signed in private, due to the personal nature of the documents you will be signing. Once these documents are signed and you receive copies, the mortgage process is complete, and you are officially a home owner. Congratulations!

Tags: improvement mortgage loan, improvement loan insurance, business improvement loan
improvement loans, credit improvement loan, loan improvement

Sub prime mortgage lenders process applications online everyday. Processing information over the internet speeds up the process and saves costs on offices and personal. In some cases, you can get a reduction in fees or rates by completing your application online. To get approved on your mortgage, follow these tips.

Sub Prime Mortgage Factors

Sub prime mortgage lenders each have their own criteria for assigning loan scores to lenders. The higher the score you get, the better the rate you qualify for. Credit history is important, but so are cash assets, your income, and down payments.

On average sub prime lenders like to have a down payment of 20% or more. However, they offer a variety of loan terms. You can even get a zero down mortgage, but expect to pay a couple of points higher.

Picking a fixed or adjustable rate will also determine how much you qualify to borrow. In general ARMs have lower monthly payments, so you can borrow more. Sub prime lenders also handle interest only loans and balloon payments.

Online Loan Application Forms

Online loan application forms are straight forward. Over a secure connection you provide your personal information, usually name, address, and social security number. If you have a property in mind to purchase, you will also need to include the property?s address and selling price.

If you requested a loan quote, you may not even have to fill out any additional personal information. Much of your financial information can be found in databases. The financing company will complete your application and ask for your approval before closing.

Finishing Final Paperwork

Mortgages usually take about four weeks to process. The sub prime lender has to verify the property?s value and your credit. An escrow company will also help you handle the exchange of money, primarily the closing costs and points.

As with a regular loan, your paperwork will require your approval and signature. Instead of going to a home office though, you will need a notary. Most companies schedule a notary to come to you at your convenience. After paperwork is received, funds should be processed in three days.

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