Paramount Equity Reviews

Updated February 4, 2015
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3.3
26 Reviews
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Matt Dawson
2 Ratings

Employee Reviews

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  1. Great Company

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

    I worked at Paramount Equity full-time (more than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great culture. Fun leaders. Fun atmosphere.

    Cons

    100% commission based salary but get a small draw to start during training.

    Advice to Management

    Keep it up!

  2. Great culture and overall exceptional company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Branch Operations Specialist in Roseville, CA
    Current Employee - Branch Operations Specialist in Roseville, CA

    I have been working at Paramount Equity

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    Flexible and very family oriented full ops staff on site
    Elite office

    Cons

    Management is not as qualified as you would expect.
    pay grade is much less than competitors
    consistency was not present

    Advice to Management

    please consider reinforcing confidentiality and continued training for all levels of staff would be relevant.The pay grade needs to improve. consistency needs to be demonstrated

    Bring back the "Hayes Culture"

  3. Its an OK place to start if you are dependent on leads.

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

    I worked at Paramount Equity full-time (more than 3 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Company provided leads and has decent benefits.

    Cons

    When coming upon obstacles in the loan process...it can be challenging to get upper mangement's help in a timely fashion.
    Relatively low pay for self sourced deals
    Company is basically a refi shop. Management doesnt put emphasis on the time critical needs of purchase deals.

    Advice to Management

    Needs to be more available to the LOs

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  5. High Stress Environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Mortgage Loan Officer in Sacramento, CA
    Current Employee - Mortgage Loan Officer in Sacramento, CA

    I have been working at Paramount Equity full-time (more than 3 years)

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Good Pay when u hit your numbers

    Cons

    You are only as good as your last month of production
    No PTO

    Advice to Management

    Hire more processors

  6. Company is a mess

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

    I worked at Paramount Equity full-time (more than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    younger (20-40s) professionals and upbeat culture with perks like catered lunches, social events like holiday party, great location

    Cons

    Poor management, internal structure is amateur without proper IT and systems support for company. Their technology is archaic at best and they don't see the need to invest. Poorly executed projects without proper QA process causes things to consistently fail due to scalability limitations and system conflicts.. Wrong people in management, basically the bosses friends get promoted regardless if they are qualified then they massage the numbers to look like rockstars, jump ship to a reputable company before they are exposed. Cut throat industry where in-fighting within departments causes tension not teamwork. Overall this was an awful place to work, check employee reviews they are mostly poor. Only gave 2 stars because they paid me okay but the benefits plan sucks. No 401k match at all?!?! Nothing, nada and hopefully you only need medical for yourself otherwise half your paycheck is gone for family medical.

    Advice to Management

    Bring in some MBA's who actually know how to run a company efficiently, pay attention to the finer details of your c-level exec team and scrutinize and you will be surprised how much the wool is being pulled. Demand straight answers to things that seem shady, trust me - they are!

  7. Not what it once was

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

    I worked at Paramount Equity full-time (more than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Work with great people. You can always get help when you need it.

    Cons

    Recent changes in marketing efforts and combining Paramount with PEM Direct has led to low quality leads

    Advice to Management

    Go back to radio and direct mail marketing.

  8. Great place to get your feet wet in the mortgage industry

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

    I worked at Paramount Equity full-time (more than a year)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Training, support, warm leads, industry name recognition. Amazing corporate culture and entrepreneurial spirit from team members.

    Cons

    Comp plan needs to be more competitive. Once you get more established you soon realize you can do better elsewhere and have more freedom.

    Advice to Management

    Do a better job to retain top producers. A profit sharing plan for employees would be conducive to reducing high turnover and truly creating a vested interest to keep top performing employees happy and on board for the long haul.

  9. Not worth the headache.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loan Savings Specialist in Rancho Cordova, CA
    Former Employee - Loan Savings Specialist in Rancho Cordova, CA

    I worked at Paramount Equity full-time (less than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    None. I would only recommend the position if it was your last resort.

    Cons

    Long hours, poor compensation, management that does not care about you, and bad work-life balance.

    Advice to Management

    Provide normal hours to LSS associates and opportunities for advancement,

  10. Helpful (1)

    Financial Specialist

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

    I worked at Paramount Equity full-time (more than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Leads Provided to Financial Specialist

    Cons

    Higher than normal interest rates and fees charged to borrower

  11. Visionary, but lacking in execution.

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

    I worked at Paramount Equity

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great environment to work in, friendly and relaxed.

    Cons

    Leadership issues result in hardware and software implementation problems. Chain of command can be skewed.

    Advice to Management

    Grow a spine.

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