CMG Financial Reviews

Updated June 3, 2015
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2.7
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Christopher George
7 Ratings

14 Employee Reviews

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  1. Compliance Specialist

    Former Employee - Compliance Specialist in Pleasanton, CA
    Former Employee - Compliance Specialist in Pleasanton, CA

    I worked at CMG Financial full-time (Less than a year)

    Pros

    Good employees to work with, good work-life balance, friendly atmosphere.

    Cons

    Very political, not always the best to move up the ladder, some management did not call about you personally.


  2. Underwriter

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

    I have been working at CMG Financial (More than 3 years)

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

    Pros

    Family oriented, help each other, training, good compensation plan,

    Cons

    commute, system slow, no other cons,

    Advice to Management

    None


  3. Helpful (1)

    Unprofessional

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CMG Financial full-time

    Pros

    The company focuses on wholesale business across the USA and is basically a Fannie and Ginnie lender. Good sale commissions and they leave you alone. Loans close as long as they fit in the box. Loan operations etc. are above average.

    Cons

    Terrible Jumbo products, nepotism to the extreme, management plays favorites, no DPA programs, no marketing support, little product offering. Management is insulated and does not like any constructive feedback. Managers come and go with frequency. Management views the sales force with suspicion.

    Advice to Management

    Criticism doesn't mean one is not a team player...just the opposite.


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


  5. Helpful (2)

    Stereotypical Office Movie-Esq Like Job

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Manager in San Ramon, CA
    Current Employee - Account Manager in San Ramon, CA

    I have been working at CMG Financial

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Management, specifically in wholesale, are great. They are helpful, proactive and nice. They are willing to step and and take the time to resolve a situation.

    Cons

    No bonuses, no compensation. Very, very busy, most people rarely take lunches and work through it while eating at their desk. Monthly goals are driven with a stake from upper management (in a "yay let's do it guys!" type of way), but you f eel no reward or get compensated from hitting those goals. While it is mainly the industry, most brokers, LOs, Realtors you work with are very toxic. Hard to come home after a long day with a good attitude.

    Advice to Management

    Management needs to work on finding positive ways to encourage operations to be more into hitting goals. They need to put processes in place that make the job easier. There isn't much serious review and vertical movement within the company. You can get stuck and complacent very easy.


  6. Helpful (1)

    Great!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Mortgage Loan Processor in Minneapolis, MN
    Current Employee - Mortgage Loan Processor in Minneapolis, MN

    I have been working at CMG Financial

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

    Pros

    Nimble and innovative company with lot's for growth. Service orientated

    Cons

    not a lot of management layers if you need training hands on help, must be self sufficient

    Advice to Management

    Keep up the great work!


  7. Great company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Mortgage Consultant in Boca Raton, FL
    Current Employee - Mortgage Consultant in Boca Raton, FL

    I have been working at CMG Financial full-time (More than a year)

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

    Pros

    Great culture overall, good enough marketing support. Minimum wage draw.

    Cons

    Comission position (just like most sales jobs)

    Advice to Management

    Keep doing what you're doing and expanding


  8. Helpful (2)

    Nepotism RULES !

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

    I have been working at CMG Financial full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Co-workers and direct Supervisor are great. Just don't cross anyone who is a favorite of upper management or has ties with the owner otherwise you'll be fired no matter how great your job performance is. That's thee way it rolls here.

    Cons

    great work environment if you are in the "clique" it's similar to MEAN GIRLS movie.


  9. One of the best mortgage companies to work for

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Officer in San Ramon, CA
    Former Employee - Loan Officer in San Ramon, CA

    I worked at CMG Financial full-time (More than a year)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Great products and pricing. Very nice office headquarters. Peaople are nice and good atmosphere. Good suuport from management

    Cons

    If you do not produce enough (sometimes that happens) the underwriters would take very long to do your files. CMG needs to hire more underwriters. Most complaints from loan officers (unless you are a very top producer) are regarding processing.

    Advice to Management

    Hire more processors to back up all LOs, not just the few who are super producers


  10. Helpful (3)

    Organized Chaos with tons of nepotism.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Underwriter II in San Ramon, CA
    Current Employee - Underwriter II in San Ramon, CA

    I have been working at CMG Financial full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Family atmosphere amongst trench workers. Benefits are Great! Sometimes weekly potlucks

    Cons

    Mis-management. No Reviews. No raises. too much nepotism. zero accountability.

    Advice to Management

    come up with a self review system that involves setting goals, keeping track of the goals, and having real-time training to be able to perform job function correctly. Working here for so many years/months and not one review nor raise is disheartening and overwhelmingly spirit-crushing. Taking suggestions from the workforce seriously. The mangement could learn a great deal from the employees if the employees didn't have the fear of getting fired/ laid off.


  11. Helpful (1)

    Great Culture, but that's about it.

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

    I have been working at CMG Financial

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    People are nice and friendly here, the CEO is a humble guy, and the company is undergoing an exciting time of growth and expansion. The company culture makes you feel like you're working with and for your friends.

    Cons

    Hard work doesn't go unnoticed, but it doesn't get rewarded either. Promotions and raises are not as steady or common as they should be. Working overtime is not allowed. If you have more work to do, you must come in on a weekend and receive regular pay. If you have to work on a holiday, you will also receive regular pay.

    Advice to Management

    Praises are not the same thing as raises. Your compliments will not pay the bills or feed a family. There needs to be better incentives for hard workers to continue to work hard.



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