Provident Funding
2.5 of 5 67 reviews
www.providentfunding.com San Bruno, CA 500 to 999 Employees

Provident Funding Reviews

Updated Apr 11, 2014

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2.5 67 reviews

                             

86% Approve of the CEO

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Craig Pica

(14 ratings)

25% of employees recommend this company to a friend
67 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "Pay is pretty good for an entry level job"
    in 8 reviews
  • "A good comprehensive introduction to the mortgage industry"
    in 6 reviews
Cons:
  • "Unfortunately, still no 401k match, which would be nice"
    in 9 reviews
  • "Extremely cheap company - No 401K match"
    in 8 reviews
  • Show more review highlights

Reviews

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  • Comp & Benefits
         
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  • Approves of CEO

 

A great place to be!

Anonymous Employee (Current Employee)

I have been working at Provident Funding full-time for more than 3 years

ProsThere are so many reasons that I love working for this company! Compensation is great for an entry-level position. They really invest a ton of resources into your training. The culture is so positive and hard-working, and co-workers share all the same values and culture. They invest a lot of effort into creating a positive, team-oriented environment. There are also a lot of opportunities for growth, depending on the branch you work out of and how much effort that you put into your own career. The best part about working here is that you're really rewarded for your hard work, and management acknowledges your success! Management also does a great job of being transparent and communicating with employees the direction of the company, which really keeps everyone focused and engaged in achieving common goals.

ConsCan't really complain. Benefits/PTO policies are standard, nothing special. Unfortunately, still no 401k match, which would be nice.

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

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Not worth the college degree

Anonymous Employee (Former Employee)

I worked at Provident Funding full-time for more than a year

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

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Great Company, Friendly Coworkers, Growth Difficult

Anonymous Employee (Current Employee)
Santa Rosa, CA

I have been working at Provident Funding full-time for more than a year

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

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Good to start

Anonymous Employee (Former Employee)

I worked at Provident Funding

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

ConsLimited upside career advancement, promotion not primarily based on performance

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it was a good exerience

Anonymous Employee (Former Employee)

I worked at Provident Funding

Prospeople are nice and easy to work with

Conshard to advance in position

Advice to Senior Managementget to know your employee better

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1 person found this helpful  

High level career opportunities in a short time

Anonymous Employee (Current Employee)
Los Angeles, CA

I have been working at Provident Funding full-time for more than 3 years

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

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1 person found this helpful  

Learned a lot, suffered a lot.

Production Support Specialist (Current Employee)
Santa Rosa, CA

I have been working at Provident Funding full-time for more than a year

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

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

Mortgage Underwriter (Former Employee)
Pittsburgh, PA

I worked at Provident Funding full-time for more than a year

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

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PF is a great starting company

Customer Service Representative (Former Employee)

I worked at Provident Funding full-time for more than a year

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

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You are treated like a machine in a factory

Credit Analyst (Current Employee)

I have been working at Provident Funding full-time for more than a year

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

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Glassdoor is your free inside look at Provident Funding reviews and ratings — including employee satisfaction and approval rating for Provident Funding CEO Craig Pica. All 67 reviews posted anonymously by Provident Funding employees.