Provident Funding Reviews

Updated November 26, 2014
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4.0
11 Reviews
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Recommend to a friend
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Craig Pica
5 Ratings

11 Employee Reviews

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  1. 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

  2. Top Private Mortgage Lender.

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

  3. Great Company, Friendly Coworkers, Growth Difficult

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

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  5. 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

  6. Helpful (1)

    High level career opportunities in a short time

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

  7. You are treated like a machine in a factory

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

  8. Great place to start as a college graduate

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

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

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

  10. If you have the talent, you have the opportunity.

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    1. Graduated from a top 25 university and started working here as a Customer Rep for 1 week. They promoted me because I top the chart in exceeding the 90+ call requirement and administrative tasks the first week on my job. Good indication that if you work hard, you will get promoted!

    2. Stayed at my 2nd position for another 8 months (make a huge sum of money in commission) and top the chart again. I came up with some ideads and proposed a new business plan to help the company grow. The manager and the executives loved it and promoted me to lead a brand new department. They spport talent!

    3. Very good salary for me so far, average at 25% annual increase. I'm not even 25, making about 80k/yr gross.

    Cons

    1. Some management issues as some managers are a little out of touch with the employees

    2. Some offices don't have good infrastructure (but they are spending more money in improving them, so I guess it's getting better.)

    3. Production employees, underwriters, closers, loan processors etc., are definitely overworked! They are also piling up cash from overtime though.

    Advice to Management

    1. Hire more people to reduce load work
    2. Improve work enviroment with better infrastructure and team-building projects
    3. Managers need to show their employees respect and spend time to understand the effort/time being put into completing their work rather than just shouting out orders.

  11. Only Work at Corporate!

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Burlingame, CA
    Former Employee - Anonymous Employee in Burlingame, CA

    I worked at Provident Funding

    Pros

    I started as a college grad like people in all the reviews, but I was luck to work in corporate instead of being in a branch or servicing department. Pros about the company is don't need to worry about company going down. I was paid very well (average 20% paid raise every year.) Don't need to work a lot of OT, don't need to travel. You will move up fast if you have a special analytical skill or know when to say what.

    Cons

    Normal channel will not get people to move up the corporate ladder. Only 3% of the emplooyee working in a branch or servicing department get promoted. Need to ask for annual review else no pay raise. Bad employee benefits.

    Advice to Management

    Some special bonus or benefits to employees would retain more people in this refi boom.

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