Provident Funding

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Provident Funding Reviews

Updated Jul 11, 2014

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All Employees Current Employees Only

2.4 76 reviews

70% Approve of the CEO

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Craig Pica

(20 ratings)

25% of employees recommend this company to a friend

Review Highlights

Pros
  • Opportunity offered to recent college grads(in 9 reviews)

  • Pay is pretty good for an entry level job(in 9 reviews)


Cons
  • Extremely cheap company - No 401K match(in 12 reviews)

  • It would be nice to have a 401k match and more leniency with make up time(in 10 reviews)

22 Employee Reviews Back to all reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Great Starter Job

    Customer Service Representative (Former Employee) Los Angeles, CA

    ProsGood Salary, Learn a ton about the industry, small company where you get to talk and meet with CEO regularly.

    Consonly lateral movement, no possibility to move up because all management is giving to the CEO's family members. Terrible benefits. Hard to get any time off approved.

    Advice to Senior ManagementCompetition is good but rewards should be greater otherwise employees burn out

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Just OK

    Anonymous Employee (Current Employee)

    ProsThere are lots of opportunities for those that work hard, limit complaining, and buy into the company culture. It's a great experience as a first job out of college. You'll gain a lot of experience and, depending on the branch and department, you'll be rewarded for your success. I like working here because of my co-workers, who are all friendly and young.

    ConsUpper managers are promoted for random reasons, I still can't figure out why. Some people are managers who really shouldn't be, because they lack the people skills. Upper management is not very transparent, and we never really know what direction the company is going. PTO and benefits are at the minimum, as well as paid holidays, and there's no 401k match.

    Advice to Senior ManagementEngage more with your employees. Stop promoting incompetent people to management.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    PF is a great starting company

    Customer Service Representative (Former Employee)

    ProsGreat compensation
    Work is always available if one division is slow, so they do not fire people when things are slow.

    ConsAdvancement is tough
    Make promises they don't keep
    High stress throughout the office
    They do not consider you a good employee unless you work OT every day its available
    Benefits are weak

    Advice to Senior ManagementMake better efforts to tell employees how it is instead of offering positions and not providing

    No, I would not recommend this company to a friend

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    So so

    Credit Analyst (Current Employee)

    Pros-Helping people save money/afford their houses
    -You can create your own work outside of pure production if you have good ideas and management's approval
    -commission income when business is good
    -Ability to learn personal finance
    -Like-minded, helpful and compatible coworkers
    -Annual raise after OK starting pay
    -relatively flat org structure
    -Good training program
    -Understanding and communication with manager

    Cons-It took too long to be cross-trained from closing to underwriting
    -commission structure needs to be updated to new regional model
    -Small office setting with 6 people doesn't suit me
    -You hit the ceiling quickly (very few promotions)
    -Work can get repetitive, especially if you don't have authorization to perform different tasks
    -Looking for work when business is slow

    Advice to Senior Management-Correct the commission structure
    -Give employees more responsibility
    -Match 401k contributions
    -Give more PTO
    -Allow more flexible schedule, like summer Friday

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Underwriter

    Underwriter (Current Employee)

    ProsTraining is available and you can get a job right out if college with no experience. Raises were always generous

    ConsManagement often moves employees around without first discussing with the employee if that's something they even want to do.

    Advice to Senior ManagementProvide a 401k match. Sick time/vacation days are minimal. Earning only one day a month for sick/vacation time doesn't allot for people to make dr appts, go on vacation and get sick in a year.

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Mortgage Underwriter

    Mortgage Underwriter (Former Employee)

    ProsTraining in underwriting conventional mortgage products
    Management is helpful and laid back if you do your job.
    Good technology, paperless
    Friendly co-workers
    Sense of accomplishment through metrics ie. funding and productivity

    ConsAngry brokers calling all day- faceless communication through email and cases compounds stress and gets passive aggressive quickly.
    Other employees do not know you and will throw you under the bus. Document everything so when audited you can protect yourself...
    Pay is crap but if you're single a nd it of college, the commission and OT is pretty awesome.
    Oh, no advancement.

    Advice to Senior ManagementTurnover is quite high I think largely to the pressure of production and dealing with brokers. Maybe putting a layer between underwriting and brokers would allow underwriters to do their job, not destroy relationships.

    Pay more. Wages are not competitive.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Not bad, but could be better

    Anonymous Employee (Current Employee)

    ProsGood entry level job
    Great raises if you're a top performer
    Potentially large commission and bonuses if you and your branch are doing well
    Company will invest in your training
    Job allows you to work and develop yourself in different areas
    Great co-workers
    Hardworking, challenging environment

    ConsDysmal benefits
    No 401k match
    Only 7 paid holidays a year
    Depending on the branch, micromanagement can be seen
    Unrealistic expectations to achieve perfection and high numbers
    Seemingly no loyalty to employee

    Yes, I would recommend this company to a friend

    • Career Opportunities

    1 person found this helpful  

    Great company for recent grads!

    Mortgage Closer (Former Employee) Tampa, FL

    ProsGreat starting salary, plenty of overtime opportunities, weekly employee recognition. Small office/branch settings (4-6 employees on avg.). Great technology and systems. Bonuses are monthly. Ability to speak with owners and upper level management with ease.

    ConsNo 401k, not a lot of room for advancement but raises are on par. Production driven but easy to meet goals.

    Advice to Senior Management401k match!

     

    MC

    Mortgage Consultant (Former Employee) San Bruno, CA

    ProsIt's a relatively young company composed of new and recent graduates, they are easy to talk to since you will be within their age group.
    The people there are nice unless it's your manager. Those are different groups of animals.
    There are bright people within the company who can do well.
    For goal oriented people this place offer a little nice reward if you get to a MC position.

    ConsYou need to know what you are getting your self into. Career growth is almost none if you are not a type A person who would constantly market yourself and get your manager to notice you.

    There is no middle management. Once you get to know the management you notice their last names are awfully familiar.

    Respect is secondary.

    The work is repetitive and machine like.

    Benefits are rudimentary, you get basic health package and no contribution to retirement/401k.

    Advice to Senior ManagementNone. Sir, you have build a wonderful machine, just keep the cogs oiled and you will do fine.

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    no room for growth

    Loan Reviewer (Former Employee) Anaheim, CA

    Prosno room for growth, boring mundane job, no opportunities to move up in a department

    Consgood training on the mortgage industry for an entry level job

    Advice to Senior Managementcreate more opportunities, listen to employees et.

    No, I would not recommend this company to a friend

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