There are newer employer reviews for Prospect Mortgage

2 people found this helpful

Great place to grow your already established business as an LO, not a good place to if you're new to the industry.

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

I have been working at Prospect Mortgage

Pros

Great technology available to market yourself as an LO and retrain. Good amount of transparency between upper management and "regular" staff employees. Great foundation for people who believe in a good family life leads to success in business.

Cons

Still working out some of the kinks in system operations. Benefits are not that good for a company of similar size and similar number of employees.

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  1. 2 people found this helpful

    Not always a good prospect

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

    I worked at Prospect Mortgage

    Pros

    Good connections with REO market, its strength. Delivery of loan production and process was equal to bank performance, but below mortgage banker standards.

    Cons

    A lot of turmoil, spotty communication, high employee turnover. Management personel changes were often, and support from upper management was lacking.

    Advice to ManagementAdvice

    No doubt the industry is going through tough times, but better communication of the company's position and goals helps the employees work towards the same results that the company wants.

    Doesn't Recommend
  2. Forward thinking company that is focused on enhancing employee growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Recruiter in Irvine, CA
    Current Employee - Recruiter in Irvine, CA

    I have been working at Prospect Mortgage full-time (more than 5 years)

    Pros

    Management cares about their employees. We are a valuable asset and treated as such. Prospect treats us as if we were family and provides great benefits too.

    Cons

    I have not experienced any challenges in my role.

    Advice to ManagementAdvice

    Please continue our current path of growth in the marketplace.

    Recommends
    Positive Outlook
    Approves of CEO
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