Prospect Mortgage

  www.myprospectmortgage.com
  www.myprospectmortgage.com
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1 person 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.

Recommends

31 Other Employee Reviews for Prospect Mortgage (View Most Recent)

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  1. 1 person 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.  

    Growing company that still needs to work out some kinks.

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

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

    Pros

    Great people, fun work environment, and there is never a dull moment! Compensation is fair compared to the rest of the industry.

    Cons

    There are inconsistencies in how things are done depending on what location you are in and what processing or underwriting department you use. Systems are not the best and policies are changed without a heads up or proper training.

    Advice to ManagementAdvice

    Consistency needs to be established in operations. No 2 processors or underwriters work the same. Too many managers that don't hold their team accountable. Rather than putting out fires fix the issue at the core or get rid of the dead weight!!

    Recommends
    Positive Outlook
    Approves of CEO
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