Impac Mortgage Holdings
2.1 of 5 15 reviews
www.impaccompanies.com Irvine, CA 150 to 499 Employees

Impac Mortgage Holdings Reviews

Updated Mar 18, 2014
Impac Mortgage Holdings – Irvine – “Outside IMPAC Building”

All Employees Current Employees Only

2.1 15 reviews

                             

20% Approve of the CEO

Impac Mortgage Holdings Chairman and CEO, Impac Mortgage Holdings, Impac Funding, and Impac Warehouse Lending Group Joseph R. Tomkinson

Joseph R. Tomkinson

(5 ratings)

18% of employees recommend this company to a friend
15 Employee Reviews
in
  • Culture & Values
         
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  • No Opinion of CEO

 

Good Company

Loan Officer (Current Employee)

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

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

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

Advice to Senior ManagementAdapt to the changing environment.

Yes, I would recommend this company to a friend

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Regional manager

Regional Manager (Current Employee)
Irvine, CA

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

ProsGood people, diversifying, strong corporate culture, good benefits

ConsSome politics in certain departments

Advice to Senior ManagementKeep communication open, exercise transparency and be proactive

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Fun place to work

Senior Software Developer (Former Employee)
Irvine, CA

I worked at Impac Mortgage Holdings

ProsGreat people and flexible work environment.

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

Yes, I would recommend this company to a friend

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  • Culture & Values
         
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  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Impac mortgage in Irvine

Underwriting (Former Employee)
Irvine, CA

I worked at Impac Mortgage Holdings full-time for less than a year

ProsCompany pays pretty good salaries

ConsCompany has a big turnover rate

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

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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1 person found this helpful  

The staff at Impac is upbeat and friendly

Loan Officer (Former Employee)
Lake Oswego, OR

I worked at Impac Mortgage Holdings

ProsImpac 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

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

Advice to Senior Managementkeep adding programs and supporting the loan officers. maintain the level of professionalism that has got you where you are

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  • Disapproves of CEO

 

Wrong people with power

Anonymous Employee (Former Employee)
Irvine, CA

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

ProsBenefits seems as only current pro

Consplug 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 Senior Managementwhat's the point they run their business the way they want to

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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

Financial Analyst (Current Employee)
Irvine, CA

I have been working at Impac Mortgage Holdings

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

ConsSalary 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.

No, I would not recommend this company to a friend

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This company is in the mortgage industry

Anonymous Employee (Current Employee)
Irvine, CA

I have been working at Impac Mortgage Holdings

ProsThe weather here in Irvine is unbeatable.

ConsLack of future in the industry.

Advice to Senior ManagementThe management need to have more integrity on all fronts.

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Horrible Management. High Turn-Over Within Sr. Management

Anonymous Employee (Former Employee)

I worked at Impac Mortgage Holdings

ProsStrong support staff, but management limits their capabilities.

ConsConfusion starts at the top.

Advice to Senior ManagementEmpower your people

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  • Disapproves of CEO

 

Alot of empty promises, Changes tore apart company and people.

Anonymous Employee (Former Employee)
Lake Oswego, OR

I worked at Impac Mortgage Holdings full-time for more than 5 years

ProsI received a pay check and good benefits

ConsWhere to begin. Management was so disorganized not sure if they were aware they were running a Mortgage Company. Alot of really intelligent people were mislead by not so honest Management

Advice to Senior ManagementFirst of after you get a clue. Stay in California

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Glassdoor is your free inside look at Impac Mortgage Holdings reviews and ratings — including employee satisfaction and approval rating for Impac Mortgage Holdings CEO Joseph R. Tomkinson. All 15 reviews posted anonymously by Impac Mortgage Holdings employees.