Impac Mortgage Holdings

www.impaccompanies.com

Impac Mortgage Holdings Reviews

Updated November 5, 2014
Updated November 5, 2014
17 Reviews
2.2
17 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Impac Mortgage Holdings Chairman and CEO, Impac Mortgage Holdings, Impac Funding, and Impac Warehouse Lending Group Joseph R. Tomkinson
Joseph R. Tomkinson
6 Ratings

8 Employee Reviews Back to all reviews

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  1.  

    Good team spirit

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Irvine, CA
    Current Employee - Anonymous Employee in Irvine, CA

    I have been working at Impac Mortgage Holdings full-time (more than a year)

    Pros

    Good working environment allowed to work on own projects

    Cons

    some lack of direction from senior management.

    Advice to ManagementAdvice

    Give more guidance and be more transparent when making decisions that concern the staff.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  2.  

    Good Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Officer
    Current Employee - Loan Officer

    I have been working at Impac Mortgage Holdings full-time (less than a year)

    Pros

    Good benefits and a quality pay plan although 100% commission. Flexible schedule.

    Cons

    Corporate Management seems to have no direction and does not communicate well.

    Advice to ManagementAdvice

    Adapt to the changing environment.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Beware!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Officer in South Gate, CA
    Current Employee - Loan Officer in South Gate, CA

    I have been working at Impac Mortgage Holdings full-time (more than a year)

    Pros

    Great health insurance, great marketing department

    Cons

    The rates are way out of the market, the overlays kill deals. There are lots of politics going on in upper management.

    Advice to ManagementAdvice

    You have built a great company and your product is too hard to sell. I recommend that you back off on buying more Bugatti's (hint: the most expensive car in the world) and stop being so greedy with your own paychecks, and make your rates competitive and your product worth sticking around for... have heard you have a hard time keeping good talent.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Regional manager

    • Comp & Benefits
    Current Employee - Regional Manager in Irvine, CA
    Current Employee - Regional Manager in Irvine, CA

    I have been working at Impac Mortgage Holdings full-time (less than a year)

    Pros

    Good people, diversifying, strong corporate culture, good benefits

    Cons

    Some politics in certain departments

    Advice to ManagementAdvice

    Keep communication open, exercise transparency and be proactive

  6.  

    Disorganized branch with bad leadership and bad operations

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Business Analyst in Denver, CO
    Current Employee - Senior Business Analyst in Denver, CO

    I have been working at Impac Mortgage Holdings full-time

    Pros

    Health benefits are good but it is a commission only environment.

    Cons

    Management is clueless when it comes to product knowledge and moral. Leads are horrible. I can't see them moving forward with what little they bring to the table.

    Advice to ManagementAdvice

    Hire someone with actual management experience with people skills and mortgage product knowledge.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7.  

    Game of Politics

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Finance in Irvine, CA
    Current Employee - Finance in Irvine, CA

    I have been working at Impac Mortgage Holdings

    Pros

    To get paid, receive benefits, something to do, discover how not to run a company, learn how to shmooz, and learn not to trust anyone

    Cons

    Politics, need to get within the inner circle, beware who you talk to, the dog house is a black hole, and talent at the top is lacking.

    Advice to ManagementAdvice

    This business is run like a mom and pop shop but tries to behave like a corporation. People hired have no experience in their field and were hired based on relationships, being neighbors, friendships, and based on someone they know.

    Doesn't Recommend
    No opinion of CEO
  8.  

    Great learning / working experience but salary and compensation level do not match.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Analyst in Irvine, CA
    Current Employee - Financial Analyst in Irvine, CA

    I have been working at Impac Mortgage Holdings

    Pros

    Challenging work. Good environment. Opportunity to cross train and learn on new task. Lots of interaction with management and counter business partners.

    Cons

    Salary and compensation are not at all competitive. No raise in the past 5 years since 2007.
    Glad to still retain the job, but no indication for professional growth.

    Doesn't Recommend
    No opinion of CEO
  9.  

    This company is in the mortgage industry

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Irvine, CA
    Current Employee - Anonymous Employee in Irvine, CA

    I have been working at Impac Mortgage Holdings

    Pros

    The weather here in Irvine is unbeatable.

    Cons

    Lack of future in the industry.

    Advice to ManagementAdvice

    The management need to have more integrity on all fronts.

    Disapproves of CEO

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