PrimeLending Reviews

Updated July 1, 2015
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3.5
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Todd Salmans
22 Ratings

43 Employee Reviews

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  1. good

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at PrimeLending full-time

    Pros

    Great company to work for

    Cons

    Job specifications needed to be clearer.

    Advice to Management

    Let the manager of each office run it as they see fit and not have the district manager run it when he does not see the day to day operations.


  2. great place to work

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

    I have been working at PrimeLending

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

    Pros

    Great work life balance, very friendly environment, challenging

    Cons

    Nothing really I can think of.


  3. Helpful (1)

    Not a good experience

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

    I worked at PrimeLending full-time (More than a year)

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

    Pros

    Their core and values sound like a dream come true for someone that is looking to grow with a company that offers that opportunity and a positive work environment. There are a lot of employees that always try to help and work hard to get the job done.

    Cons

    Despotism. Unfulfilled promises, very slow process, no support from high management to the branches, they are more concern about profit and revenue to make their bonuses than to invest in their employees and hire enough processing support. No brand recognition which makes it hard to do business in some areas, a lot of unhappy employees that constantly leave to other companies.

    Advice to Management

    Deliver what you promise, do what you say you will do. the company is growing but with a lot of deficiencies at the processing level and in the Human Resources area. No presence of HR in the company to ensure the employment laws are followed with equal opportunity.


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  5. Good Company

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

    I have been working at PrimeLending

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Good team environment, decent pay and decent work/life balance.

    Cons

    A lot of gossip and nepotism


  6. Sr. Mortgage Loan Officer

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

    I worked at PrimeLending (Less than a year)

    Positive Outlook
    Approves of CEO
    Positive Outlook
    Approves of CEO

    Pros

    Good solid work environment. Strong ethics and good beneifts.

    Cons

    Too many lender overlays and delays

    Advice to Management

    none


  7. Loan Officer

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

    I worked at PrimeLending full-time (Less than a year)

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

    Pros

    Nice offices? Could lend in other states, which would have been nice, but it was difficult closing loans within the state, so the thought of closing out of the state was not practical. Signing bonus. The float down was a great feature.

    Cons

    NO support for LO, processing was slow and careless, loan conditions were long with tons of bank overlays and purchases were approved the DAY of closing (if at all), figures would arrive after the scheduled closing time and closings would take hours--sometimes days. I heard the dreaded comment, "you're a good LO, but I just can't risk using you now that you are at Prime." Wow. Painful They are a bank, which means they own the database, not you. They solicit your database.

    Advice to Management

    Instead of spending money on signing bonuses and househunt leads, spend it on support. Bring in quality support that makes sure loans close efficiently with happy borrowers and you won't need to allocate funds trying to win over strangers, you will build a repeat and loyal referral business.


  8. Good company and culture

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

    I worked at PrimeLending

    Recommends
    No opinion of CEO
    Recommends
    No opinion of CEO

    Pros

    I loved the people I worked with. They treated me like family and always looked out for my best interest. Good benefits, good locations, nice building, parking, etc.

    Cons

    Underpaid, hard to advance unless you make connections high up, opinions of the little people don't matter, stuck in their ways, had nothing to do a lot of the time. bored

    Advice to Management

    don't hire people unless you have work for them to do, pay them what they deserve


  9. Working for Primelending

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mortgage Loan Processor in Lutherville Timonium, MD
    Former Employee - Mortgage Loan Processor in Lutherville Timonium, MD

    I worked at PrimeLending

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

    Pros

    small feel, flexible hours, processing manager was awesome

    Cons

    lots of files and would not approve overtime, had to work for comp time which you could never take

    Advice to Management

    stop being so clicky with certain people, like you have to be in a certain club to even get talked to.


  10. Good place to work, very well run company from top down. They hire good employees.

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

    I worked at PrimeLending full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    They are very well respected in the Dallas area.

    Cons

    If in a producing role such as loan officer, managers are producers, so getting help can sometimes be a challenge.

    Advice to Management

    Hire non competing managers.


  11. Ops manager

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

    I have been working at PrimeLending full-time (More than 3 years)

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

    Pros

    Everyone works together as a team. The employees believe in their core values and you can see it in action in each department.

    Cons

    It's fast paced hard work but not really a con if you know what you're in for. The mortgage industry no matter where you work is fast paced high stressed but this company has a great team that makes the hard work worth it!

    Advice to Management

    Keep up the great work! You are making employees happy!



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