17 Employee Reviews (View Most Recent)

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Local company with big growing pains

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

I have been working at Cobalt Mortgage full-time

Pros

Local company. Lots of loan programs and focus on customer service. Good company if you are a sales person.

Cons

Unsatisfactory working conditions with culture of skipping lunch and breaks to fit in and appear dedicated. People are overworked, but overtime is not approved and frowned on if submitted. Mediocre benefits, culture of anything goes for sales and everyone else gets much less in salary, conditions and recognition. Too much favoritism. Many people hired are relatives of managers or other employees and that creates a big increase in usual workplace politics.

Advice to ManagementAdvice

Do the right thing for all of your workers, not just the sales people. . A lot of dissatisfaction among other workers. Pay attention to more than looking good from the outside. The culture and values the company promotes to the public are not followed for employees and more will leave as the job market improves.

Doesn't Recommend
Neutral Outlook

Other Reviews for Cobalt Mortgage

  1. 1 person found this helpful  

    Rapid growth in 2010, nepotism rampant, shaky management.

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

    I have been working at Cobalt Mortgage

    Pros

    Many good people work there.

    Cons

    Poor management, nepotism rampant, no annual reviews.

    Advice to ManagementAdvice

    Replace Operations Manager and reduce the amount of nepotism.

    Doesn't Recommend
  2. 1 person found this helpful  

    Money Hungry

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - MLOA  in  Seattle, WA
    Former Employee - MLOA in Seattle, WA

    I worked at Cobalt Mortgage full-time for more than a year

    Pros

    Money
    Little supervision
    Holiday pay
    HSA contributions
    401k

    Cons

    Loan officers bonus my entire yearly salary in one quarter - yet treat you like you are nothing

    Advice to ManagementAdvice

    Make things more consistent - what happens in Kirkland should happen in all the branches

    Recommends
    Neutral Outlook
    Approves of CEO
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