There are newer employer reviews for Provident Funding

No communication from Management, dishonest business practices

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Anonymous Employee in Los Angeles, CA
Former Employee - Anonymous Employee in Los Angeles, CA

I worked at Provident Funding full-time (more than 3 years)

Pros

Unlikely that the Company will go under so employment outlook is fairly stable compared to the rest of the lending industry.

Cons

The workloads are not evenly distributed. It is common to see some employees running out the door at 5:00pm everyday while others are frequently working into the night and on weekends. Management disavows all knowledge of problems being reported to them. Employees ask for additional help or training repeatedly, their requests go unanswered and then Management likes to issue write ups when the problems come to light later in the form of bad press, lawsuits or scrutiny from regulatory oversight. They act as if is were the very first time they have been made aware despite a mile long chain of emails proving they were informed months prior, the Employee is usually blamed despite asking for help or attempting to have issues corrected. During annual audits they cherry pick the information they choose to give to the Auditors. If something is perceived to negatively affect their statistics they simply omit the information altogether. They are now offing their services to private label clients but have greatly overstated their ability to service loans outside their niche of conventional loan products. Employees have no experience dealing with many of the loan programs/types that Management is representing themselves to be "Experts" of. Employees that choose to give 2 weeks notice are often dismissed on the spot despite no past performance issues. Employees that leave are often later painted as being ungrateful or under achievers though they never had any performance issues while employed. The tone of emails from Management are often very hostile and threatening. Advancement is unlikely unless you are related to the Owners. Female employees have it even worse as there are extremely few women in any position of authority. The low number of paid holidays, poor raises, unreasonable workload and scant benefits package all further demonstrate that they view their employees as expendable rather than the Men and Woman who are making their lifestyle and success possible.

Advice to ManagementAdvice

None. You would never accept the idea that your way of doing things is less than perfect so any advice would be wasted on you anyway.

Doesn't Recommend
Neutral Outlook
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  1. Not a wonderful place to work unless you want to work Christmas Eve

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Funder in Burlingame, CA
    Former Employee - Funder in Burlingame, CA

    I worked at Provident Funding full-time (more than a year)

    Pros

    Good entry level job position

    Cons

    Horrible management terrible stay away

    Advice to ManagementAdvice

    Listen

    Doesn't Recommend
    Negative Outlook
  2. The most monotonous job ever created!

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

    I have been working at Provident Funding full-time (less than a year)

    Pros

    -Pay is pretty good for an entry level job
    -Coworkers are friendly

    Cons

    -The most monotonous job ever created!
    -Not difficult at all
    -VERY boring, especially since we have no internet access in our down time
    -No privacy, don't even have cubicles, just desks
    -Very basic benefits
    -They would rather over work their employees than hire additional

    Advice to ManagementAdvice

    Show you care about your employees in some way. Hire more people in the departments that need it. Inform your employees about how your overtime system works before screwing them over.

    Doesn't Recommend
    Negative Outlook
There are newer employer reviews for Provident Funding

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