GMAC-RFC

  www.gmacrfc.co.uk
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GMAC-RFC Reviews

15 Reviews

3.5
15 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Craig Beresford
7 Ratings

Employee Reviews

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  1.  

    Great Benefits and time off.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Portfolio Analyst  in  Waterloo, IA
    Current Employee - Portfolio Analyst in Waterloo, IA

    Pros

    Great people to work with and opportunities for cross training

    Cons

    Company is in Bankruptcy uncertain future

    Advice to ManagementAdvice

    None

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Systems Engineer with limited job growth opportunity

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great people, sharp minds, great engineers

    Cons

    Provide opportunities to grow, support career aspirations

  3.  

    I would recommend GMAC RFC is a good place to learn the business.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Programmer  in  Minneapolis, MN
    Former Employee - Programmer in Minneapolis, MN

    Pros

    Good organizataion,
    good co workers,
     management,
    opportunity to learn,
    convenient work location,
    decent enough pay and decent benefits,
    latest technology used.

    Cons

    Layoffs , not much opportunity to grow, need to move to PA to grow. Minneapolis operations are being shut down. Contractors more preferred than employees.

    Advice to ManagementAdvice

    Hopefully the mortgage industry see light at the end of the tunnel. Hope that Minneapolis location grows in size. All the best.

    Approves of CEO
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  5.  

    Good place to work before collapse

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Analyst  in  Bloomington, MN
    Former Employee - Financial Analyst in Bloomington, MN

    Pros

    Great benefits and large enough to grow if you are in the right departments. Seemed generally family friendly.

    Cons

    Layoffs were constant during the melt down. Not sure if Bloomington offices are going to stay or be moved to Philadelphia.

    Recommends
    No opinion of CEO
  6.  

    Over worked, under payed and taken advantage of

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Loan Processor  in  Troy, OH
    Former Employee - Loan Processor in Troy, OH

    Pros

    Paycheck, people and getting to wear jeans

    Cons

    Management, the way they micro manage and the way they do not communicate

    Advice to ManagementAdvice

    Get a clue and ask your work staff what works best

    Disapproves of CEO
  7.  

    boring

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Business Analyst  in  Fort Washington, MD
    Former Employee - Business Analyst in Fort Washington, MD

    Pros

    Co-workers were decent to work with and the place was relaxed, perhaps too relaxed.
    Ability to work remote as needed.

    Cons

    Limited growth opportunity, come in, sit in a box, leave.
    Mis-directed management with no clear business direction.
    No accountability by business owners.

    Advice to ManagementAdvice

    Have a plan, follow-through, put a true career development program together to recruit, incent, and promote good people. Get rid of dead-weight people who have been there forever and contribute little.

    Doesn't Recommend
    No opinion of CEO
  8. 1 person found this helpful  

    Ggreat place to work...only if it wasn't on the brink of bankruptcy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Minneapolis, MN
    Current Employee - Anonymous Employee in Minneapolis, MN

    Pros

    Pay and benefits are awesome... even during the worst of crisis they didn't cut benefits...

    Cons

    Previous management made bad decisions, and now everyone is suffering... fingers crossed!

    Advice to ManagementAdvice

    Make sure after selling us to someone else, we still keep our job

    Doesn't Recommend
    Disapproves of CEO
  9.  

    The company will survive the current economic crisis with the bank designation and a bailout.

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

    Pros

    bonuses were great in the good times

    Cons

    The company was not able to adjust to changes in the economy in a sufficient manner so to survive. Morale was low due to the company's inability to provide leadership in the marketplace.

    Advice to ManagementAdvice

    employ better risk management methodology

    Recommends
    No opinion of CEO
  10.  

    Good company, down cycle.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Contracts Administrator  in  San Diego, CA
    Former Employee - Contracts Administrator in San Diego, CA

    Pros

    They supported a balanced work/personal life. One was not looked down on or held back for future opportunities just because one needed a vacation every year or didn't want to work 12 hour days. In fact, 12 hour days were seen as a sign of a problem, and that problem was dealt with.

    Cons

    I was with a satellite office that had an excellent rate of turning foreclosures into homes sold. The corporate office was rather stodgy. Their larger (than San Diego) servicing site in Horsham PA had a time-tested, never-changing way of doing things. Even though we handled the poorer credit loans (thus, more foreclosures) and had a higher turnaround rate, Horsham still looked down on San Diego as renegades.

    Advice to ManagementAdvice

    Go with what works, rather than what's always been done.

    Recommends
    No opinion of CEO
  11.  

    Success is elusive and at best temporary.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Human Resources  in  Minneapolis, MN
    Former Employee - Human Resources in Minneapolis, MN

    Pros

    Being a subsidiary of GMAC has its benefits, both from a total rewards, recognition, and benefits perspective. But this is a company that excelled in another world, prior to the mortgage market meltdown and global economic turmoil. Work - life balance was strongly encouraged and supported.

    Cons

    GMAC-RFC served a niche market that at one point was very profitable. Then the world changed and the company did not change fast enough or move in the right direction. While talking about diversification of its portfolio, the company missed the boat in that it still focused on the sub prime market. The pressures brought about by the sale of GMAC to Cerebus also created turmoil as GMAC sought to consolidate and become more efficient. There were culture clashes and low employee engagement as a result. The people who needed to be retained were either let go or left the company before things got too bad.

    Advice to ManagementAdvice

    Get back to the basics. Either build a culture that people can buy into or divest the business and focus on growth areas.

    Doesn't Recommend
    Disapproves of CEO

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