GMAC Mortgage

  www.gmacmortgage.com
  www.gmacmortgage.com
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GMAC Mortgage Reviews

Updated July 30, 2014
Updated July 30, 2014
45 Reviews
3.4
45 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
GMAC Mortgage CEO, Ally Financial Michael A. (Mike) Carpenter
Michael A. (Mike) Carpenter
11 Ratings

Employee Reviews

Sort: Popular Rating Date
  1.  

    Best job I ever had

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

    I have been working at GMAC Mortgage

    Pros

    Working here was the best work experience I've encountered. The supervisors were supportive and encouraging, and I never dealt with any micro-management. It was a very positive atmosphere, and the compensation was competitive for the position.

    Cons

    None. The only reason I stopped working there is because my position was discontinued.

    Advice to ManagementAdvice

    Keep doing what your doing!

    Recommends
  2.  

    Gmac Mortgage

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Risk Analyst  in  Fort Washington, PA
    Former Employee - Risk Analyst in Fort Washington, PA

    I worked at GMAC Mortgage full-time for more than a year

    Pros

    GMAC has a great family atmosphere and people were generally supportive of each other. The compensation, including salary and benefits, were all competitive.

    Cons

    The only con of this organization is the distance from the Fort Washington office to Southern Jersey. Nonetheless, a commuter's traveling time can be reduced significantly if he/she leaves early in the morning.

    Advice to ManagementAdvice

    From an employee standpoint, the leadership staff is excellent, diligent, and hardworking.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Loved my coo-workers and work environment

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

    I worked at GMAC Mortgage

    Pros

    Friendly staff, forward minded company that understood the need to balance customer and employee satisfaction.

    Cons

    Departments did not always work well together or keep each other informed of process changes.

    Recommends
    Negative Outlook
    No opinion of CEO
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  5.  

    Mortgage Loan Closer

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

    I worked at GMAC Mortgage full-time

    Pros

    Management and bonuses were great

    Cons

    There are no Cons. I loved working for this Company

    Recommends
    Negative Outlook
    Approves of CEO
  6.  

    was a nice company until it was bought

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst  in  Fort Washington, PA
    Current Employee - Analyst in Fort Washington, PA

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

    Pros

    Nice company that had all different levels of experienced employees. Good size location and staff but yet small enough to get to know others in different departments

    Cons

    Each department was a specialized area and was hard to advance your position unless you stayed within your own speicalized group.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7.  

    Loan Processor

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

    I worked at GMAC Mortgage

    Pros

    Lots of work to keep you busy

    Cons

    Unrealistic workload demands put on you.

    Doesn't Recommend
    No opinion of CEO
  8.  

    Working at GMAC has been incredibly rewarding, both professionally and personally.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Community Relations Specialist  in  Chicago, IL
    Current Employee - Community Relations Specialist in Chicago, IL

    I have been working at GMAC Mortgage full-time for more than a year

    Pros

    GMAC is a company that cares for both the customer and the employee. Each department works together to support the other and to set each other up for success.

    Cons

    The downside of working for GMAC Mortgage is that the company has been bought out by another company and is no longer operating.

    Advice to ManagementAdvice

    I felt very well cared for as an employee and everything I learned as an employee I will take with me on my journey forward.

    Recommends
    Negative Outlook
    Approves of CEO
  9.  

    Overall a good place to work and grow

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Development Manager  in  Fort Washington, PA
    Current Employee - Senior Development Manager in Fort Washington, PA

    I have been working at GMAC Mortgage full-time for more than 8 years

    Pros

    Good group of people in the Ft Washington office - many of whom have worked together for years. Most of the people have very solid domain experience. Good place to grow in your career - good work/life balance.

    Cons

    Onerous procedures following the financial crisis - very understandable due to the circumstances but still a hassle. Also found the aversion to adopting new technologies to be risky to my career path - which is why I left.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Great experience directly working with processors and closing department on the same floor as loan officers.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Mortgage Loan Officer - Direct Lending  in  Burbank, CA
    Current Employee - Mortgage Loan Officer - Direct Lending in Burbank, CA

    I have been working at GMAC Mortgage full-time for more than a year

    Pros

    Standard benefits, laptop & cell phone included, leads provided and lead generation marketing tools provided by GMAC Mortgage. Great experience directly working processors and closing department in the same location. Being next to the Yahoo building, we shared two amazing chef prepared food courts on site.

    Cons

    No real cons. Benefits were great and food was provided once a week by management.

    Neutral Outlook
  11.  

    Depressing and micromanaged job...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Counselor  in  Dallas, TX
    Current Employee - Loan Counselor in Dallas, TX

    I have been working at GMAC Mortgage full-time for less than a year

    Pros

    Competitive atmosphere.
    Nice work environment and gym use perk.

    Cons

    Micromanaged.
    No room for family emergencies or actually having time off desired.
    Schedules were constantly changing.
    Customers were dissatisfied because of employees laziness and lack of compassion...managers were more concerned with stats than their employees actually helping customers.

    Advice to ManagementAdvice

    Once moral was down no one did anything to pick it back up.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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