New Penn Financial

  www.newpennfinancial.com
  www.newpennfinancial.com
There are newer employer reviews for New Penn Financial

 

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.

38 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 solid and honest organization with an encouraging, flexible environment and productive culture

    • 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 (more than 3 years)

    Pros

    Innovative and competetive products, Strong financial backing, Services their own portfolio, Experienced & proven management, Schedule flexibility, Easy to produce, Quick turn times, Awesome lead-calling system, Caring & involved management

    I can't speak for all locations, but Strongsville has a really amazing group of people that all work closely together to get loans done. Everyone is willing to lend a hand to anyone to help close a loan, and it's the only place I've ever worked where I feel like a whole team is working together instead of people being self-serving. Managers are hands-on and really care about their employees' incomes and success. The atmosphere is incredible and inviting, and the office always hosts small events to help keep stress levels down and the job fun.

    Cons

    Origination systems are cumbersome, Time management between originating and processing can be difficult, Can be stressful (part of the job anywhere), Time off expires at the end of each year instead of accruing

    There's very little bad to be said about working here. This is a lower-paid compensation plan that I've had elsewhere, which made me reluctant to make the move to New Penn, but I've found that it's counteracted by being able to close more loans per month. You do have to be a little more involved in the processing side than other companies, but when you get a loan, you know it works instead of waiting for a processor to tell you that it won't get approved 3 weeks later.

    Advice to ManagementAdvice

    Continue to develop more niche products to give us an edge in the market, Invest more time and effort into marketing the purchase market and participating in down-payment assistance programs, develop local marketing initiatives. Construct a more efficient method for addressing guideline exceptions or unique situations

    Overall, this is a great place to be employed, but maintaining that extra edge against the competition would make it even more exceptional.

    Recommends
    Positive Outlook
    Approves of CEO
There are newer employer reviews for New Penn Financial

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