Provident Funding
2.4 of 5 73 reviews
www.providentfunding.com San Bruno, CA 500 to 999 Employees

Provident Funding Reviews

Updated Jun 19, 2014

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2.4 73 reviews

                             

74% Approve of the CEO

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Craig Pica

(19 ratings)

25% of employees recommend this company to a friend
4 Employee Reviews Back to all reviews
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    Great Opportunity if You Work Hard

    Anonymous (Current Employee)

    ProsThe company rewads hard work done well. Starting pay is well above market and if you perform well over 10% raises are common. Conversely, if you don't perform well and think you will slide, this is not the right company. I've seen them move quick to remove those employees, which I personally appreciate. Additional opportunities and responsibilities come as you demonstrate your ability. There are great coworkers who are mostly recent college grads. Our CEO talks to us to provide company strategy and market updates.

    ConsIt would be nice to have a 401k match and more leniency with make up time.

    Advice to Senior ManagementYou've built a fantastic company with a great business model. Keepic rewarding your best employees, we appreciate it!

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Get what you give

    (Current Employee)

    Pros•Upper management-We have conference calls once a month where members of upper management talk to us about the past month, future goals and what is going on in the mortgage world. I’ve never gotten off a conference call not feeling confident about the company’s future. Upper management really seems to have it together.
    •In periods where companies in the mortgage industry are laying off employees in droves, Provident Funding seems committed to making the best of the situation by either cross-training employees or restructuring to take advantage of other opportunities in the sector.
    •Little micromanaging- Many branches don’t even have management at the branch. When management is in the branch, they sit in the bullpen with the rest of the employees and make themselves easily available and approachable.
    •Career opportunities- If you make an effort, they’ll make an effort. This is a fairly small company so every employee has the opportunity to be recognized. In the time I’ve been with the company, I’ve been given so many opportunities-some without me even having to ask. If you do a good job, you’ll be rewarded.
    •Great work environment- They recruit people based on the obvious grades, extracurricular, etc., but they also take into account the other employees at the branch and how a candidate would fit in with current employees.
    Way more pros than cons to this company, this is a really great company to work for and those complaining probably didn't realize what they had/have

    Cons•They could be a little more flexible when it comes to the 8-5 work day. I’m sure some employee abused a more flexible work day and ruined it for the rest of us, but it would be nice if we could a schedule doctor’s appointment over our lunch break and not break out in a cold sweat trying to get back to the office within the hour.
    •They don’t provide a 401K match.

    Advice to Senior ManagementKeep Summer Fridays, be a little more flexible, and consider a 401K match after an employee has been with the company an X amt. of time

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Company executes well, room for employees to take ownership

    Anonymous Employee (Current Employee)

    ProsFlat structure, little micromanaging, breadth and variety of job duties, compensation, overtime often available, stable company, doesn't implement fads or gimmicks but builds momentum through consistent execution of the basics, leading to continuity in work expectations and environment.

    Cons"Soft" employee perks such as fringe benefits package and scheduling flexibility

    Advice to Senior ManagementOpportunities for increasing scheduling flexibility without detrimentally affecting production exist and can be taken advantage of to increase worker satisfaction

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    1 person found this helpful  

    You get what you put in

    Mortgage Underwriter and Closer (Current Employee)
    Pittsburgh, PA

    Pros-Hard work is noticed and rewarded
    -Fellow employees are friendly and easy to get along with
    -Good pay and great increases
    -Upper management is easily accessible and willing to listen to ideas
    -Promotions are earned and not given for tenure

    Employees need to understand the basis of the company and be on board with the overall goal. Provident creates a very concrete product and expects its employees to do this efficiently. If you are not found of working hard and actually earning what you make, I suggest you steer clear. Great company to work for with solid ideals and morals in a less than par industry. Helps to build great communication and multitasking skills as well as a solid work ethic.

    For the reviewers who stated the job consists of looking at a computer screen for 8+ hours, I ask, what did you expect to do with that finance or accounting degree?

    Cons-Structure for advancement could be clearer

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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