Equity Loans

  www.equityloans.com
  www.equityloans.com
There are newer employer reviews for Equity Loans

 

mortgage underwriter

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Mortgage Underwriter in Atlanta, GA
Former Employee - Mortgage Underwriter in Atlanta, GA

I worked at Equity Loans full-time (less than an year)

Pros

i liked the process and worksheets they had in place

Cons

the volume low and got laid off

3 Other Employee Reviews for Equity Loans (View Most Recent)

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  1.  

    No Clue What They Are Doing

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

    I worked at Equity Loans full-time (less than an year)

    Pros

    There are no Pros I could give this company, They are so bad they have changed their name from Equity Loans to Equity Prime.

    Cons

    No structure for branches, processing was clueless and uneducated. Leadership was non existent.
    Highest turnover of any mortgage company I have ever seen during my 20+ years in the industry.
    UW changes on every file. no consistency, says they UW to AUS findings but not sure they know how to read to do such.
    Within the first month we knew we made a mistake as a branch joining this company. We were told lie after lie to join.

    Advice to ManagementAdvice

    Get out of the business, or at least just be your own little branch. you have no idea how to run a Nationwide branch operation.

    Doesn't Recommend
    Negative Outlook
  2.  

    Growing Company Needing to Improve HQ Management

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

    I have been working at Equity Loans full-time (more than an year)

    Pros

    Good Online Systems
    Competitive Products
    Helpdesk and Branch Relations
    CEO communicates company vision in a monthly email
    Branch network allows you independence and freedom (but if you need help - see Cons below)

    Cons

    Poor centralized management
    Poor communication to branch employees
    Growing too fast to handle volume
    Vision of company is only found in email and online, but not delivered to management to unify company.
    Basically a hodge-podge of net branches seen as profit centers that are not brought together in a true unified company. Other than "making connections" at HQ and helpdesk you'll find you're pretty much on your own.

    Advice to ManagementAdvice

    Need to listen to your employees
    Get more senior level managers out in the field to understand the need of the branches
    Develop a centralized compensation plan and company vision

    Doesn't Recommend
    Neutral Outlook
There are newer employer reviews for Equity Loans

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