Provident Funding

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Provident Funding Reviews

Updated February 21, 2014
Updated February 21, 2014
77 Reviews

2.5
77 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Craig Pica
21 Ratings

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)

More Highlights

8 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    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

    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 ManagementAdvice

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

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    it was a good exerience

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    people are nice and easy to work with

    Cons

    hard to advance in position

    Advice to ManagementAdvice

    get to know your employee better

  3. 1 person found this helpful  

    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

    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 ManagementAdvice

    Increase PTO and rewards for performing well.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    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

    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 ManagementAdvice

    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

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    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

    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.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    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

    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 ManagementAdvice

    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.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Only Work at Corporate!

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

    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 ManagementAdvice

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

  9. 1 person found this helpful  

    Not too bad

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

    Pros

    Very competitive setting pushes you to strive harder

    Cons

    Very competitive setting so stress levels are quite high.

    Advice to ManagementAdvice

    Care more about your employees; they're not just funding figures.

    Recommends
    Positive Outlook

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