Provident Funding Reviews

Updated June 14, 2015
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4.0
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Craig Pica
5 Ratings

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

  • Good learning experience, good entry level job (in 10 reviews)

Cons
  • Extremely cheap company - No 401K match (in 13 reviews)

  • It would be nice to have a 401k match and more leniency with make up time (in 11 reviews)

More Pros and Cons

13 Employee Reviews

Sort: Popular Rating Date
  1. Helpful (1)

    Career Starter

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Provident Funding full-time

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    There is upward movement available up to around middle management. They tend not to let go employees except for gross negligence. They are no-nonsense, and very honest up-front about what you receive. Overall, this is a good place to begin a career, and I value my time here.

    Cons

    Work can be repetitive, kitchen and shared facilities were periodically closed in a punitive manner, there wasn't much team-building, there is healthcare but no 401K match. Performance is not rewarded quickly enough, as reviews are only completed on an annual basis. Also, no sick days means you either work while ill, or use your paid time off.

    Advice to Management

    An LGBTQ inclusion policy is needed to ensure the workplace is welcoming. Instituting a bi annual review process could facilitate greater upward movement by high achieving new employees, and encourage retention.


  2. Employment

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Provident Funding

    Pros

    Great place to start your career. Those who work hard are rewarded. Great learning opportunities. Possibilities for advancement to the corporate headquarters.

    Cons

    Some offices are more busy than others, creating less opportunity for overtime pay if there is not significant work to be done.

    Advice to Management

    Actively solicit areas of improvement from employees. Any organization can improve with the input of all team members. Consider giving exit interviews.


  3. review

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Provident Funding (More than 5 years)

    Pros

    my boss treat me very well

    Cons

    the work is very intense


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Top Private Mortgage Lender.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Mortgage Underwriter and Closer in San Bruno, CA
    Current Employee - Mortgage Underwriter and Closer in San Bruno, CA

    I have been working at Provident Funding full-time (More than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great company with exceptional mortgage lending standards. CEO is on top of his game and the business model is the best in the mortgage industry. Highly energized working environment which demands pursuit of excellence.

    Cons

    Lack of upward mobility. There is an inherent fear of demotion or dismissal from management down. There is no clear path to promotion, it seems the more willing you are to do overtime or work weekends, the better your chance to move ahead.

    Advice to Management

    Management sometimes gets too consumed with numerical production & efficiency. Company could use better, friendly environment without inherent fear of being demoted or fired.


  6. Great Company, Friendly Coworkers, Growth Difficult

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

    I have been working at Provident Funding full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Coworkers very friendly and very easy going environment. Bosses are awesome and encourage personal growth. Great benefits. Company is very pro-employee. Easy to create change because company still small. Forward thinking culture. Company has stable growth and cash flow so great job security. Doesn't fire employee's due to slow growth.

    Cons

    Work is very repetitive and therefore dull. Company consistently does well but raises are stagnant.

    Advice to Management

    I know the company is doing well, reward employee's with better pay


  7. it was a good exerience

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Provident Funding

    Pros

    people are nice and easy to work with

    Cons

    hard to advance in position

    Advice to Management

    get to know your employee better


  8. Helpful (1)

    High level career opportunities in a short time

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

    I have been working at Provident Funding full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    High level of review and employee awareness from upper management.
    Opportunity to build a career and advance quickly, especially as a recent college graduate.
    Good entry level salary.
    Young yet productive work environment.

    Cons

    Only bank holidays off. No sick days.
    Minimal travel.
    No matching 401k

    Advice to Management

    Increase PTO and rewards for performing well.


  9. You are treated like a machine in a factory

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

    I have been working at Provident Funding full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good salary with steady raises each year (base salary was pretty high compared to other jobs in mortgage and you get bonuses when work is flowing), knowledgeable leads are very willing to help you learn the industry

    Cons

    Monotonous job-be expected to perform the same tasks/make the same calls all day, everyday.

    Advice to Management

    Provide more cross-training opportunities to employees who really want them- don't just move employees into departments without knowing if that's what they want


  10. Great place to start as a college graduate

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

    I have been working at Provident Funding full-time (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good co w-orkers and the training is meticulous. Everyone is helpful. No overhead

    Cons

    No sick days. Only Paid Time off. Work can get monotonous.


  11. If you're good, you will be happy.

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

    I have been working at Provident Funding full-time (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great pay, annual review. One year I got above 10% the next above 20% raise. If you're a star, and that means doing a lot of production and with little audits, you will go far.
    Good people, majority of the people that work here are good, everyone is pretty smart. There are a few slackers, management has a hard time firing people, they just put them in non-essential roles.
    I'm in the entry underwriting position, above me is a branch lead, above him is a regional manager, above him is a department manager, and above him is the CEO. The vertical to the top is very short, however the company has a lot of different operations so you can move around and climb that way.
    Unlimited overtime, when things get busy and if you want to make money, you're going to be making time and a half if you're in the entry positions. Very cool.

    Cons

    Benefits. Even though you will easily make much more than with any competitor it still sucks. 12 days PTO with no sick pay when you start. 2 yrs in that moves up to 15 days. I want to say 5 yrs you get 17-18 days and 10 yrs you get 20 days. No 401k match.

    Advice to Management

    Improve the benefits and I'll be happy. Overall I enjoy the company, appreciate the job in this economy!

    Also someone needs to fix this, Doug Pica is the CTO not CEO. The CEO is Craig Pica.



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