IndyMac Bancorp Reviews

2.9
46 Reviews
Rating Trends
Recommend to a friend
Approve of CEO
IndyMac Bancorp CEO John F. Bovenzi
John F. Bovenzi
8 Ratings
  • IndyMac was proactive doing loan modifications before "loan modifications" became a thing.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loan Modification Specialist in Kansas City, MO
    Former Employee - Loan Modification Specialist in Kansas City, MO

    I worked at IndyMac Bancorp full-time (more than 3 years)

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

    Pros

    I was part of a select team of 12 out of 5000 employees to head-up loan modifications for our current customers. We worked 4 days a week (Friday Sat and Sun off), completed about 60-75 loans a month and pulled in 10k-15k/month.
    open, fun, opportunity, not so corporate.
    Best corporate job I have had -

    Cons

    I really don't have a bad thing to say. I left the company 2 months before the real-estate bubble burst on an offer from one of my customer's (IndyMac borrower doing a loan mod) to come work for his company. I was making great money at IndyMac (150k = salary of 30k + commissions), but quadrupling (4x) my current base salary coupled with bonuses and all the other goodies was too good to not take.

    Advice to Management

    Hire people like me

IndyMac Bancorp Interviews

Interview Experience

Interview Experience

40%
40%
20%

Getting an Interview

Getting an Interview

51%
36%
12%

Interview Difficulty

2.2
Average

Interview Difficulty

Hard

Average

Easy
  1.  

    Senior Project Manager Interview

    Accepted Offer
    Accepted Offer

    Application

    I applied online. The process took 3 weeksinterviewed at IndyMac Bancorp.

    Interview

    Detailed process questions with a specific test on workflows and sample work. After which there were 2 more interviews. There was a 25 question testing on technical skills and additional interviews.

    Interview Questions

IndyMac Bancorp Awards & Accolades

Something missing? Add an award
Best Places to Work for LGBT Equality, Human Rights Campaign, 2008

Additional Info

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Website www.indymacbank.com
Headquarters Pasadena, CA
Size 500 to 999 Employees
Founded Unknown
Type Company - Public (IDMC)
Industry Finance
Revenue $2 to $5 billion (USD) per year

IndyMac Bancorp had nothing to do with car racing or swashbuckling archeologists. Beset by loan defaults, the banking and mortgage company was seized by the FDIC in 2008 and subsequently filed for Chapter 7 bankruptcy to liquidate its remaining assets. It is one of the largest bank failures in US history. The company's IndyMac Bank subsidiary was taken over by the FDIC and renamed IndyMac Federal Bank; it has more than 30 offices in Southern California. Another subsidiary, Financial Freedom, is the largest provider of reverse mortgages in the US. (Reverse mortgages allow... More

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