New Penn Financial

  www.newpennfinancial.com
  www.newpennfinancial.com
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80% processing and 20% sales.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Senior Call Center Loan Officer  in  Concord, CA
Former Employee - Senior Call Center Loan Officer in Concord, CA

I worked at New Penn Financial

Pros

Can be relaxed at times, the leads were 50% good.

Cons

when volume is down, its stressful and mngnt don't seem to have the answer to turn it around or be more positive. no positive reenforcement to motivate the staff. They have you do almost everything and when things went wrong, you paid for it and had to fix it, even after it has funded. Systems were so slow.

Advice to ManagementAdvice

Learn how to motivate your staff in a positive healthy way. Understand, the number 1 reason someone leaves a job are usually because of management.

36 Other Employee Reviews for New Penn Financial (View Most Recent)

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  1.  

    Stagnent

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

    I have been working at New Penn Financial

    Pros

    Very friendly employees and great work environment. very clean and modern workplace. aggressive management team. growing company in a volatile industry

    Cons

    Very volatile industry and long work hours expected. Poor benefits and compensation. very little growth potential or position movement possible.

    Advice to ManagementAdvice

    create an internal career path schedule to allow for internal promotions. Improve benefits and work more personal and professional balance

    Doesn't Recommend
  2.  

    A financial rewarding career with a stable, growing market leader.

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

    I have been working at New Penn Financial full-time for more than 3 years

    Pros

    The major advantages of working at New Penn Financial are the array of product offerings (they are a direct seller/servicer for Fannie, Freddie & Ginnie plus have a portfolio of Jump Loans all serviced in house), underwriting turn times average about 24 hrs and they provide high quality internet leads for loan officer. The other characteristics I enjoy about this organization is that they have a great compensation plan, provide a great work life balance and continue to invest in their employees via training & system enhancements.

    Cons

    The cons associated to New Penn are similar to those I have seen at other lending companies, which stem traditionally from the ever changing lending environment but over the last two years I have seen some growing pains associated to new software/system deployment and more exposure to upper management would be nice.

    Advice to ManagementAdvice

    My main advance to management would be to strength the support & training that loan officer's receive from the branch and corporate trainers, and ensure they focus on organic growth of it's employees over bring in outside management with limited understanding of the New Penn process.

    Recommends
    Positive Outlook
    Approves of CEO
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