Impac Mortgage Holdings

  www.impaccompanies.com
  www.impaccompanies.com

Impac Mortgage Holdings Reviews

Updated November 5, 2014
Updated November 5, 2014
17 Reviews
2.2
17 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Impac Mortgage Holdings Chairman and CEO, Impac Mortgage Holdings, Impac Funding, and Impac Warehouse Lending Group Joseph R. Tomkinson
Joseph R. Tomkinson
6 Ratings

Employee Reviews

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  1.  

    Good team spirit

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

    I have been working at Impac Mortgage Holdings full-time (more than an year)

    Pros

    Good working environment allowed to work on own projects

    Cons

    some lack of direction from senior management.

    Advice to ManagementAdvice

    Give more guidance and be more transparent when making decisions that concern the staff.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  2.  

    Good Company

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

    I have been working at Impac Mortgage Holdings full-time (less than an year)

    Pros

    Good benefits and a quality pay plan although 100% commission. Flexible schedule.

    Cons

    Corporate Management seems to have no direction and does not communicate well.

    Advice to ManagementAdvice

    Adapt to the changing environment.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Regional manager

    • Comp & Benefits
    Current Employee - Regional Manager in Irvine, CA
    Current Employee - Regional Manager in Irvine, CA

    I have been working at Impac Mortgage Holdings full-time (less than an year)

    Pros

    Good people, diversifying, strong corporate culture, good benefits

    Cons

    Some politics in certain departments

    Advice to ManagementAdvice

    Keep communication open, exercise transparency and be proactive

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  5.  

    Fun place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Software Developer in Irvine, CA
    Former Employee - Senior Software Developer in Irvine, CA

    I worked at Impac Mortgage Holdings

    Pros

    Great people and flexible work environment.

    Cons

    Downsized and reduced staff considerably as part of the Mortgage meltdown.

    Recommends
  6.  

    Impac mortgage in Irvine

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

    I worked at Impac Mortgage Holdings full-time (less than an year)

    Pros

    Company pays pretty good salaries

    Cons

    Company has a big turnover rate

    Advice to ManagementAdvice

    Figure out your projections and try to be more accurate so you don't have to have layoffs

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    The staff at Impac is upbeat and friendly

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Loan Officer in Lake Oswego, OR
    Former Employee - Loan Officer in Lake Oswego, OR

    I worked at Impac Mortgage Holdings

    Pros

    Impac have some very knowledgeable people working for them that have been in the industry for a long time and are creative in the marketplace. They are growing and diversifying

    Cons

    communication between management and employees could be better. with the expansion of the company it seems like there is a lot of confusion.

    Advice to ManagementAdvice

    keep adding programs and supporting the loan officers. maintain the level of professionalism that has got you where you are

    Approves of CEO
  8.  

    Mixed and Mediocre

    Former Employee - Anonymous Employee in Newport Beach, CA
    Former Employee - Anonymous Employee in Newport Beach, CA

    I worked at Impac Mortgage Holdings full-time (more than an year)

    Pros

    Decent pay and experience. If you want work, you'll get plenty of it.

    Cons

    Terrible management. Expectations without explanations. Disgruntled employees.

    Advice to ManagementAdvice

    Learn HOW to manage by communicating effectively instead of expecting employees to be clairvoyant

    Doesn't Recommend
    No opinion of CEO
  9.  

    Wrong people with power

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

    I worked at Impac Mortgage Holdings full-time (more than 3 years)

    Pros

    Benefits seems as only current pro

    Cons

    plug people from different departments with no prior experience
    will not let go of long term employees
    excessive smoke breaks
    some department heads should retire already
    communication is lacking
    leadership falls short

    Advice to ManagementAdvice

    what's the point they run their business the way they want to

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Great learning / working experience but salary and compensation level do not match.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Analyst in Irvine, CA
    Current Employee - Financial Analyst in Irvine, CA

    I have been working at Impac Mortgage Holdings

    Pros

    Challenging work. Good environment. Opportunity to cross train and learn on new task. Lots of interaction with management and counter business partners.

    Cons

    Salary and compensation are not at all competitive. No raise in the past 5 years since 2007.
    Glad to still retain the job, but no indication for professional growth.

    Doesn't Recommend
    No opinion of CEO
  11.  

    This company is in the mortgage industry

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

    I have been working at Impac Mortgage Holdings

    Pros

    The weather here in Irvine is unbeatable.

    Cons

    Lack of future in the industry.

    Advice to ManagementAdvice

    The management need to have more integrity on all fronts.

    Disapproves of CEO

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