Provident Funding

  www.providentfunding.com
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Provident Funding Reviews

Updated Jul 17, 2014

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All Employees Current Employees Only

2.4 76 reviews

70% Approve of the CEO

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Craig Pica

(20 ratings)

25% of employees recommend this company to a friend

Review Highlights

Pros
  • Opportunity offered to recent college grads(in 9 reviews)

  • Pay is pretty good for an entry level job(in 9 reviews)


Cons
  • Extremely cheap company - No 401K match(in 12 reviews)

  • It would be nice to have a 401k match and more leniency with make up time(in 10 reviews)

76 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Not worth the college degree

    Anonymous Employee (Former Employee)

    ProsEasy work - but very dissatisfying
    Young coworkers
    Nice raises

    ConsLow Pay
    No 401k match
    No advancement
    Little vertical potential (family)
    Upper management disconnected with employees
    Treated like students

    Advice to Senior ManagementTrust your employees and trim your work force if needed. Be honest to new hires about what they will be doing.

    – I'm not optimistic about the outlook for this company

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

     

    Good to start

    Anonymous Employee (Former Employee)

    ProsGood for entry level applicants, they provide training at slow pace

    ConsLimited upside career advancement, promotion not primarily based on performance

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

     

    Great Company, Friendly Coworkers, Growth Difficult

    Anonymous Employee (Current Employee) Santa Rosa, CA

    ProsCoworkers very friendly and very easy going environment. Bosses are awesome and encourage personal growth. Great benefits. Company is very pro-employee. Easy to create change because company still small. Forward thinking culture. Company has stable growth and cash flow so great job security. Doesn't fire employee's due to slow growth.

    ConsWork is very repetitive and therefore dull. Company consistently does well but raises are stagnant.

    Advice to Senior ManagementI know the company is doing well, reward employee's with better pay

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

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No

     

    it was a good exerience

    Anonymous Employee (Former Employee)

    Prospeople are nice and easy to work with

    Conshard to advance in position

    Advice to Senior Managementget to know your employee better

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

    1 person found this helpful  

    High level career opportunities in a short time

    Anonymous Employee (Current Employee) Los Angeles, CA

    ProsHigh level of review and employee awareness from upper management.
    Opportunity to build a career and advance quickly, especially as a recent college graduate.
    Good entry level salary.
    Young yet productive work environment.

    ConsOnly bank holidays off. No sick days.
    Minimal travel.
    No matching 401k

    Advice to Senior ManagementIncrease PTO and rewards for performing well.

    Yes, I would recommend this company to a friend

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

    1 person found this helpful  

    Learned a lot, suffered a lot.

    Production Support Specialist (Current Employee) Santa Rosa, CA

    ProsGood job security...honestly that's all I can think of.

    ConsNot the most exciting group of employees, SLOW upward mobility, management seriously hates you. Absolutely no respect for subordinates

    Advice to Senior ManagementHaha...like you would ever change

    No, I would not recommend this company to a friend

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

     

    Not too difficult to move around in the company, however managers were treated disrespectfully.

    Mortgage Underwriter (Former Employee) Pittsburgh, PA

    ProsThe salary was not bad.

    ConsUpper management yelled at managers when standards were not met. Too much emphasis was placed on numbers and working overtime.

    Advice to Senior ManagementTreat employees with respect and provide work-life balance. Provide a matching 401k.

    No, I would not recommend this company to a friend

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

     

    PF is a great starting company

    Customer Service Representative (Former Employee)

    ProsGreat compensation
    Work is always available if one division is slow, so they do not fire people when things are slow.

    ConsAdvancement is tough
    Make promises they don't keep
    High stress throughout the office
    They do not consider you a good employee unless you work OT every day its available
    Benefits are weak

    Advice to Senior ManagementMake better efforts to tell employees how it is instead of offering positions and not providing

    No, I would not recommend this company to a friend

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

     

    You are treated like a machine in a factory

    Credit Analyst (Current Employee)

    ProsGood salary with steady raises each year (base salary was pretty high compared to other jobs in mortgage and you get bonuses when work is flowing), knowledgeable leads are very willing to help you learn the industry

    ConsMonotonous job-be expected to perform the same tasks/make the same calls all day, everyday.

    Advice to Senior ManagementProvide more cross-training opportunities to employees who really want them- don't just move employees into departments without knowing if that's what they want

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

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

     

    Get what you give

    (Current Employee)

    Pros•Upper management-We have conference calls once a month where members of upper management talk to us about the past month, future goals and what is going on in the mortgage world. I’ve never gotten off a conference call not feeling confident about the company’s future. Upper management really seems to have it together.
    •In periods where companies in the mortgage industry are laying off employees in droves, Provident Funding seems committed to making the best of the situation by either cross-training employees or restructuring to take advantage of other opportunities in the sector.
    •Little micromanaging- Many branches don’t even have management at the branch. When management is in the branch, they sit in the bullpen with the rest of the employees and make themselves easily available and approachable.
    •Career opportunities- If you make an effort, they’ll make an effort. This is a fairly small company so every employee has the opportunity to be recognized. In the time I’ve been with the company, I’ve been given so many opportunities-some without me even having to ask. If you do a good job, you’ll be rewarded.
    •Great work environment- They recruit people based on the obvious grades, extracurricular, etc., but they also take into account the other employees at the branch and how a candidate would fit in with current employees.
    Way more pros than cons to this company, this is a really great company to work for and those complaining probably didn't realize what they had/have

    Cons•They could be a little more flexible when it comes to the 8-5 work day. I’m sure some employee abused a more flexible work day and ruined it for the rest of us, but it would be nice if we could a schedule doctor’s appointment over our lunch break and not break out in a cold sweat trying to get back to the office within the hour.
    •They don’t provide a 401K match.

    Advice to Senior ManagementKeep Summer Fridays, be a little more flexible, and consider a 401K match after an employee has been with the company an X amt. of time

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

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