There are newer employer reviews for Summit Funding

Helpful (1)

Summit Funding not what it appears on the surface

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

I worked at Summit Funding full-time (less than a year)

Doesn't Recommend
Negative Outlook
Disapproves of CEO
Doesn't Recommend
Negative Outlook
Disapproves of CEO

Pros

Salary is decent, owner appears very charismatic almost cult like (which he often states he wants to be). They buy lunch for the whole office on the last day of the month. There was an attempt to make people feel cared for.

Cons

The owner without any warning culled about half of his staff leaving the rest of them on overload. He raised the pay of certain people, did not allow overtime and still expected the work the get done. Everyone was terrified of getting fired. It was a very stressfull environment. The owner clearly is only concerned with the bottom line no matter what kind of Tony Robbins BS he threw around all the time. They do not allow any sick time. It comes out of your 9 days of personal time allowed per year.

Advice to Management

Have a vision that lasts longer than a month or two and involves the whole company not just yourself like you preach. Care about your employees like you say you do. Drop the act. It's annoying and no one really believes it especially after what you did.

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  1. Helpful (2)

    Marketing Assistant, working for less than one year

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Marketing Assistant in Reno, NV
    Current Employee - Marketing Assistant in Reno, NV

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

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    Pros

    *Fast growing firm in the mortgage industry
    *High-quality sales training for new loan officers
    *Branches located in more than 10 states

    Cons

    *Lacking in technology (the overall mortgage industry is falling behind in technology)
    *Mortgage industry is still volatile, therefore, loan officer jobs may be at risk
    *The loan process is extremely paper intensive- Not only is this anti-green, but there are several ways to automate this process, or least research ways in doing so.

    Advice to Management

    Start doing research on technology trends in this industry

  2. dept. review

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

    I have been working at Summit Funding full-time

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Dept head is a Great Leader. Nice Guy

    Cons

    Everyone else below him, dont know what they are doing. def. assembly line mentality. "i dont care what was done before me, right or wrong, i am going to complete my section and move on" everyone one is more interested in getting their numbers rather than getting it right.

    Advice to Management

    cut the BS dress code and stop having so many tasks split btwn so many people. only messes things up.

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