There are newer employer reviews for Fremont Bank
There are newer employer reviews for Fremont Bank

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Helpful (3)

Very dissatisfied

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Underwriter in Hayward, CA
Former Employee - Underwriter in Hayward, CA

I worked at Fremont Bank

Doesn't Recommend
Disapproves of CEO
Doesn't Recommend
Disapproves of CEO

Pros

The company has good technology and it's a fun work environment if you are new to the mortgage industry. The pay is competitive and the co-workers try to do activities to make this place a better place to work at.

Cons

Very unstable work environment. When the market is not good, they lay off an awful lot. They tend to rehire a lot of people that they laid off in the past (normally called within 2 months) before they find another job. The work demands in the mortgage department are not realistic. A simple look on their website for the work requirements should tell you enough. One example is that underwriters are required to underwrite 25 files a day, where the industry standard is 3 files a day.

Advice to Management

Focus on employee development and nurturing an environment where employees can grow. You need to work more on being able to either nurture or recruit top talent to help with credibility.

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  1. It is okay to work there temporary while you're still at school, but not a company I can grow with.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Hayward, CA
    Current Employee - Anonymous Employee in Hayward, CA

    I have been working at Fremont Bank

    Pros

    privately owned so the work environment is more personable. My current branch manager is reasonable and listens to what her associates have to say.

    Cons

    A lot of pressure from management on sales and the goals can be unreasonable. The turnover rate is very high and a lot of branches are experience staff shortage.


  2. Helpful (2)

    unfortunate experience

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Fremont, CA
    Former Employee - Anonymous Employee in Fremont, CA

    I worked at Fremont Bank

    Doesn't Recommend
    Doesn't Recommend

    Pros

    decent pay and benefits, advancement available depending on who you know

    Cons

    advancement and recognition is not based on job performance, bank is having a difficult time putting appropriate people in management positions, not effective from a management perspective, most positions not empowered to do their job, micromanagement at its finest

    Advice to Management

    empower your employees to do their jobs, that is what you pay them for


There are newer employer reviews for Fremont Bank
There are newer employer reviews for Fremont Bank

See Most Recent

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