23 Employee Reviews (View Most Recent)

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Initially good; changes in mgt. made it awful

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Marketing  in  Walnut Creek, CA
Current Employee - Marketing in Walnut Creek, CA

I have been working at PMI Mortgage Insurance

Pros

excellent pay
nice office with plenty of free parking
good commute (rare to find well-paying jobs in Walnut Creek)
initially creative environment
some talented people

Cons

untrustworthy senior management; greedy and questionable ethics
unresponsive HR; you can't trust them to be fair and impartial; nothing is confidential
employees kept in the dark about looking crisis
laid off people just before bonus payout (how convenient)
only the "slippery" staff survive; brown-nosers and frauds
mgt doesn't give credit where credit is due

Advice to ManagementAdvice

don't resurrect the company with same players... you'll just end up with the same result
let it burn to the ground so no one is conned by this awful organization anymore

Doesn't Recommend
Disapproves of CEO

Other Reviews for PMI Mortgage Insurance

  1.  

    Once a great company to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Software Engineer  in  Walnut Creek, CA
    Current Employee - Senior Software Engineer in Walnut Creek, CA

    I have been working at PMI Mortgage Insurance

    Pros

    Working for this company for 10+ years I underwent various company-wide changes. PMI was at its best when their offices were located in downtown San Francisco. Although the company was rapidly growing and started to set foot internationally, it maintained a family-like feel for home-office employees. They allowed for flexible schedules and telecommuting, and offered a "compressed" work week, that allowed of an extra day off, twice a month.

    Cons

    Benefits seemed to vanish after the company moved to their newly built headquarters in Walnut Creek, CA. Overall work conditions declined in standard and took on a more formal character and stronger separation between management and regular employees. This gap manifested itself already in the architectural planning phase with the design of two separate parking structures for the new office building. There was an in-house parking structure for management, which allowed for significantly faster access to the office. A decision that left many regular employees puzzled.

    Then, a few years into the move, the mortgage crisis set in and the company went through and enormous downsizing effort. Obviously that let to further decline of overall work conditions and constant fear of being laid-off. As of November 2011, PMI is in run-off.

    Advice to ManagementAdvice

    Make an effort to keep you employees involved, informed and excited about their work.

    Recommends
    Approves of CEO
  2.  

    A fun company to work for, but still part of the "good ole' boy's network" - all sr mgmt were white men.

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

    I worked at PMI Mortgage Insurance

    Pros

    good pay, good benefits, family-oriented company, flexible schedules permitted, really good at providing positive feedback and recognition for your hard work

    Cons

    Top-heavy company - with approximately 1 manager for every 2 non-managers resulting in a lot of micromanagement. Also as the company is in a financially hard time and laying off people, senior management is still collecting salaries of $200k+ and large bonuses.

    Recommends
    Disapproves of CEO
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