New American Funding
3.3 of 5 9 reviews
newamericanfunding.com Irvine, CA 150 to 499 Employees

New American Funding Reviews

Updated Jun 20, 2014

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3.3 9 reviews

                             

33% Approve of the CEO

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Rick Arvielo

(3 ratings)

67% of employees recommend this company to a friend
9 Employee Reviews
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    Great opportunity to grow as a loan officer.

    Loan Officer (Current Employee)
    Tustin, CA

    ProsTop tier manager support. NAF strives to provide excellent marketing materials to grow your business.

    ConsNew American Funding's operations could provide more detail of available products. More importantly a universal guideline format.

    Advice to Senior ManagementNon that I can think of.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    NAF

    Anonymous Employee (Former Employee)

    ProsFlexible work schedule
    Raffles to sports games and local concerts (same people always seem to win though)
    New office building, beautiful break/lunch room
    Food trucks stop by every Friday

    ConsExpensive heatlh insurance
    Training is not always available for new systems/products
    Favoritism is definitely an issue, always have to make exceptions for those who dont necessarily deserve it
    Unless you are sales/management, you aren't valued and pay is a litte embarrassing
    Parking issue at corporate

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    1 person found this helpful  

    50 Shades of sketchy

    Senior Loan Processor (Former Employee)
    Tustin, CA

    ProsThey pay well for talent.

    ConsThey do a lot of questionable things throughout the loan process. Management is part of the questionable and possible fraudulent things that sales pushes through. It's expected that you should just turn a cheek and keep pushing the paper. Also, expect to have very little to no work/life balance. Lots of favoritism with file assignments and this effects how you bonus. They give the easy close loans to those they like and stick the more challenging, time consuming loans to those who don't have their noses up management's behind. The benefits are all very poor quality. The coverage is poor quality yet you pay a very high premium for this coverage.

    Advice to Senior ManagementRun a more open and honest business. Genuinely care about all of your staff not just the ones that pay you to turn the other cheek.

    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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    • Disapproves of CEO

     

    Wouldnt recommend working here

    Mortgage Loan Officer (Former Employee)
    Tustin, CA

    Proswork life balance is in check, commision payout twice a month was nice other than that, wish I could say more Pros but having been in the industry for over 15 years and working at New American I cant recommend anyone taking a career gamble with this company

    Conslack consistant follow through, leadership and very poor processing. Sales Managers and Upper Managment out for themselfs. Very Expensive Health Insurance!!!

    Advice to Senior ManagementHire better managers that actually care and that are helpful

    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  

    5 stars

    Anonymous Employee (Current Employee)

    ProsIt was a great place to work. Great people and upper management was helpful/supportive. I left due to personal issues. One of the best mortgage companies I worked for. Unlike most shady mortgage shops, Naf doesn't overwork you like a dog everybody there was helpful

    ConsNone I could really think of

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    3 people found this helpful  

    Overall satisfied

    Loan Officer (Former Employee)
    Irvine, CA

    ProsGreat Support Staff, Great Company functions and compensation. Easily relaxed work environment.

    ConsNot enough space for everyone, only team managers are Making Great money.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    One of the best companies I have ever worked for

    Marketing (Current Employee)
    Tustin, CA

    ProsGreat work environment, management is available and cares about employees. The pay is good and the people are happy. They promote a great culture and are always doing things, like flip flop Fridays, bringing in lunch trucks, company parties and more.

    ConsThere is no downside to working at New American Funding.

    Advice to Senior ManagementKeep up the great work.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    2 people found this helpful  

    New American has been the best workplace for me since being in the lending industry for over 10 years!

    Senior Loan Officer (Current Employee)

    ProsGreat team work between different departments; your voice is actually heard by the upper management, owners, and corporate officers; good opportunity to make as much money as you want based on your abilities and limitations

    ConsA little slow to keep up with technology compared to most competitors in the industry; when a new system or product is launched, can be more organized when educating their employees that need to know that vital info for their work functions

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    1 person found this helpful  

    My experience has been positive

    Loan Officer (Current Employee)

    ProsThere is strong back office support

    ConsIt is tedious work as a loan officer

    Advice to Senior ManagementNo advise to give

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Glassdoor is your free inside look at New American Funding reviews and ratings — including employee satisfaction and approval rating for New American Funding CEO Rick Arvielo. All 9 reviews posted anonymously by New American Funding employees.