Impac Mortgage Holdings
2.1 of 5 15 reviews
www.impaccompanies.com Irvine, CA 500 to 999 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
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

     

    Wrong people with power

    Anonymous Employee (Former Employee)
    Irvine, CA

    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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    Horrible Management. High Turn-Over Within Sr. Management

    Anonymous Employee (Former Employee)

    ProsStrong support staff, but management limits their capabilities.

    ConsConfusion starts at the top.

    Advice to Senior ManagementEmpower your people

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    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

     

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

    Anonymous Employee (Former Employee)
    Lake Oswego, OR

    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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    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Stay Away from this Company!

    Anonymous Employee (Former Employee)

    ProsThey offer good compensation and benefits.

    ConsThey offer little training and do not promote from within. They do not support their branches, They don't understand team work or communication, they would rather fire people then be accountable for spending, and they have no understanding of customer service.

    Advice to Senior ManagementAdmit your mistakes and be will to take advice from people who actually understand the Mortgage business.

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

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

     

    Good Company

    Loan Officer (Current Employee)

    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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    • Culture & Values
           
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    • No Opinion of CEO

     

    Impac mortgage in Irvine

    Underwriting (Former Employee)
    Irvine, CA

    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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    • Culture & Values
           
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    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

     

    Beware!

    Loan Officer (Current Employee)
    South Gate, CA

    ProsGreat health insurance, great marketing department

    ConsThe rates are way out of the market, the overlays kill deals. There are lots of politics going on in upper management.

    Advice to Senior ManagementYou have built a great company and your product is too hard to sell. I recommend that you back off on buying more Bugatti's (hint: the most expensive car in the world) and stop being so greedy with your own paychecks, and make your rates competitive and your product worth sticking around for... have heard you have a hard time keeping good talent.

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

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    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Running without a clue!

    Portfolio Manager (Former Employee)
    Irvine, CA

    ProsHealth benefits and location are ideal.

    ConsEverything and especially the management. Lack of experience and maturity. Management by fear. The AVP of Portfolio Management is probably the worst person I have ever worked with. Lots of lying and threats.

    Advice to Senior ManagementHire someone that actually knows how to manage people. The AVP in Portfolio Management is a walking HR violation. Requiring OT but not allowing you to clock it. Constantly threatening your job.

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

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    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Disorganized branch with bad leadership and bad operations

    Senior Business Analyst (Current Employee)
    Denver, CO

    ProsHealth benefits are good but it is a commission only environment.

    ConsManagement is clueless when it comes to product knowledge and moral. Leads are horrible. I can't see them moving forward with what little they bring to the table.

    Advice to Senior ManagementHire someone with actual management experience with people skills and mortgage product knowledge.

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

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    • Comp & Benefits
           

     

    Regional manager

    Regional Manager (Current Employee)
    Irvine, CA

    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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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.