Want to use this letter?
Use the sample below for your Loan Officer Termination Letter. It contains the elements to be included and the language to utilize. It has to be an even tempered assessment of why you are relieving an employee of their position. It is the company’s legal protection, demonstrating not only why you had no choice, but that the former employee understands this as well.
123 Fake Street, City, State, Zip Code
Cell: 000-000-0000
email@email.com
Dear Mr. Gadd:
This letter is being issued to inform you your Loan Officer position with Amble Financial Services is being terminated. This takes effect in two weeks, on April 12, 2015, but you are no longer required to come into the office.
Amble has built its reputation on sound financial advice and accuracy in its research. You were forewarned during your last performance evaluation that there had to be improvement. Otherwise, we would have to take action. You were not only risking our reputation, but our clients’ goals for financial success. You have become an obstacle to your department’s operations and forced your manager and colleagues to review everything you do after the fact. And according to their reports, a huge portion of your work has to be modified or redone.
As stipulated in the agreement signed during your last evaluation, if Amble saw no improvement on your part during a six month probationary period we would take action. You will be paid until the aforementioned April 12. If you have any questions, contact Human Resources.
Regards,
Clara Ali
