A long time ago, in a county far far away….
Truthfully, it isn’t actually that far away, it’s about 40 miles which takes about ½ hour to 45 minutes to drive and, well, you get the picture.
When I left WCIL back in 1997 and moved to Orange County, I was hopeful and excited to be entering a new field that logically seemed as though it would always be around. No longer would I feel threatened by the State of California’s annual budget wars. Everyone would always need a house, right?
I’ve worked at three different jobs since leaving Los Angeles County. Two of them were in the mortgage industry. I left the first because it was wearing me down, body and soul. Endless hours of work, not enough help and way too little acknowledgment.
Second job was only slightly better. I was working with friends, which made it more tolerable but, for me, it was not good for my self-confidence and self-esteem to be trying so very hard to learn a job and do it well but not succeed in any fashion. For so many years, I was the queen of the Office – I knew how to do every office job and was able to do it well. Not so much with the loan processing.
It would have been better if I was able to multi-task under immense pressure but I’m not. That, in a nutshell, is what loan processing is all about. One has to keep track of innumerable details all while wheedling with underwriters to approve the loan, begging doc drawers to send out the loan docs before the borrower’s go out of the country (because what better time to travel than when you’re buying a house) and prostrating oneself to funders to please, please, please fund this loan. Then add to that the loan officers needing this, wanting you to call that person, and WHY HASN’T THE LOAN FUNDED YET!!!!! It’s an incredibly difficult job and not one that I was meant to do. This has been a very difficult realization to come to. I tried for 2 ½ years to get it right and to be completely honest, the only reason I stayed so long was this little girl:
I was working as Shannon’s assistant and after she had her baby (in May of 2006 - please see above photo) due to HIGH child care costs, The Niece would come to work with us. Trying to make it as a loan processor while helping to juggle a baby (albeit an adorable, sweet, even-tempered one) is a disaster. With the housing market imploding into oblivion and mortgage companies going under left and right, the number of loans went into a decline. This was offset, however, by all of the lending rules changing and becoming more conservative. These changes required a great deal of creativity (completely legal creativity, that is) to get loans approved and funded, which often meant submitting a loan to multiple lenders. One person could not take care of a growing baby and do this job – hell, two people had a hard time with it.
The workload got to the point where Shannon would not have needed an assistant had The Niece not been going to work with her. Had we continued to be able to close the high number of loans possible prior to the mortgage meltdown, Shannon’s income stream would have allowed for day care much sooner than it actually happened. However, mortgage rules tightened, numbers of fundings decreased, and as a result, the company we worked for was not doing so well. Add into that an owner who is not so good at managing his finances and you may see where this is all going. For much of the second half of last year, our paychecks would suffer cuts that we didn’t know about until we actually got the check. Or we wouldn’t get a check at all. There were other financially creative measures on the part of my former boss that I won’t go into but suffice it to say, I made just about as much from unemployment when I was finally laid off in December as I was getting paid the last six months of last year.
I’d been looking for a different job from about October on but I’d really shot myself in the foot by going into the mortgage industry. People didn’t want to hire someone without recent administrative assistant experience. It didn’t matter that my skills were still good or that I’d been doing much of the same office work that an administrative assistant does. It was only through a contact known by one of the loan officers I’d worked with that I was able to be signed up with a temp agency and they in turn found me my current job.
I’m only now finally getting my shit back together, both financially and in regard to my self-confidence. By no means am I out of the woods completely but I can see the tree line from here. Perhaps it’s a sad reflection on me that so much of my self-image is related to being good at what I do for a living. If that is the case, then so be it. I’m finally feeling better about me and having a steady, reliable paycheck, even if it is a wee bit smaller, is worth its weight in gold.
I’ll have to save the rest of my update for the next entry. My lunch break is almost up and I have to get back to work. It’s April and I work for an accountant – ‘nuff said.
Oh how naive I was in the ways of taxation and its merciless deadlines. Turns out if you get an extension on your taxes in April, they then are due in October. Add to that the corporate extended deadline which was September 15th and it gets pretty darned busy here in the accounting world. Granted, my workload is nowhere near what it is for my two bosses (both CPAs) as all I do is type the letters that ask clients for their information as well as the cover letters that go out with the returns, as well as my various other clerical duties. But even just the typing is enough because the people who get the extensions are generally those who have the more involved returns (at least the clients here anyway) and those returns have lots and lots of questions that need to be answered before they can be completed. Enter Lil the Wonder Typist and many, many, many 4 and 5 page letters full of questions and requests for documentation/information. 
Tofu - the cutest doggie alive today - she was given to The Nephew by his great-aunt Carol for his birthday in 2003.
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