Provident Funding

  www.providentfunding.com
  www.providentfunding.com

Provident Funding Reviews

Updated October 17, 2014
Updated October 17, 2014
84 Reviews
2.4
84 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
Craig Pica
25 Ratings

Review Highlights

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

  • Solid entry level pay for recent graduates (in 10 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)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Top Private Mortgage Lender.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Mortgage Underwriter and Closer in San Bruno, CA
    Current Employee - Mortgage Underwriter and Closer in San Bruno, CA

    I have been working at Provident Funding full-time (more than 5 years)

    Pros

    Great company with exceptional mortgage lending standards. CEO is on top of his game and the business model is the best in the mortgage industry. Highly energized working environment which demands pursuit of excellence.

    Cons

    Lack of upward mobility. There is an inherent fear of demotion or dismissal from management down. There is no clear path to promotion, it seems the more willing you are to do overtime or work weekends, the better your chance to move ahead.

    Advice to ManagementAdvice

    Management sometimes gets too consumed with numerical production & efficiency. Company could use better, friendly environment without inherent fear of being demoted or fired.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    servicing analyst

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

    I have been working at Provident Funding full-time

    Pros

    great people, steady raises, good training

    Cons

    no matching 401K, work gets monotonous

    Doesn't Recommend
    Approves of CEO
  3.  

    Dull, overworked

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Provident Funding

    Pros

    Pay was alright, everyone was young

    Cons

    Terrible company culture, high turnover

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review
  5.  

    Mortgage auditor

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

    I worked at Provident Funding full-time (more than 3 years)

    Pros

    Good learning experience, good entry level job

    Cons

    no flexibility, fixed timing, long hrs

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    decent entry level job, not for long-term employment

    • Comp & Benefits
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Provident Funding

    Pros

    Lots of cross-training (you will learn a lot!)
    Young workforce (mostly in early 20s)
    Got a decent raise every 6 months
    Possibility of travel for training

    Cons

    If you are not in one of the main offices, you are at a disadvantage

  7. 1 person found this helpful  

    Analyst

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

    I worked at Provident Funding full-time (more than an year)

    Pros

    This place offers a fairly decent paid for an entry job with a 6-month review that comes with a small raise. Most times, you will get to sit around and do nothing. The work was also easy, a High School Graduate can do most of the daily work here.

    Cons

    I felt like a robot working here, and so is everyone else around me. The work environment is dull and slow with extremely little communication, unless you are trying to suck up to your managers or on the phone with borrowers. I have learned almost nothing from this company that would be applicable to any other jobs out there. I know the company has a very high turnover rate, but it doesn't seem like they care. Upper management hire people for low level tasks and continue to recycle them out with new hires, and only worrying about keeping the managers happy. Take this job only if you are very interested in the mortgage industry or just want an easy and mindless 8 to 5 job.

    Advice to ManagementAdvice

    Step down from your high horse and take a look around you. Learn how to treat your employees like people not just another tool in the box.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Great Starter Job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Representative in Los Angeles, CA
    Former Employee - Customer Service Representative in Los Angeles, CA

    I worked at Provident Funding full-time (more than 3 years)

    Pros

    Good Salary, Learn a ton about the industry, small company where you get to talk and meet with CEO regularly.

    Cons

    only lateral movement, no possibility to move up because all management is giving to the CEO's family members. Terrible benefits. Hard to get any time off approved.

    Advice to ManagementAdvice

    Competition is good but rewards should be greater otherwise employees burn out

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    THE WORST

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Accountant in San Bruno, CA
    Current Employee - Accountant in San Bruno, CA

    I have been working at Provident Funding full-time (more than an year)

    Pros

    There are some nice people.

    Cons

    Stay away from this company at all costs. This is a family operating business. The only way to be at top management level, you gotta be the "pica".

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    Great Opportunity if You Work Hard

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

    I have been working at Provident Funding full-time

    Pros

    The company rewads hard work done well. Starting pay is well above market and if you perform well over 10% raises are common. Conversely, if you don't perform well and think you will slide, this is not the right company. I've seen them move quick to remove those employees, which I personally appreciate. Additional opportunities and responsibilities come as you demonstrate your ability. There are great coworkers who are mostly recent college grads. Our CEO talks to us to provide company strategy and market updates.

    Cons

    It would be nice to have a 401k match and more leniency with make up time.

    Advice to ManagementAdvice

    You've built a fantastic company with a great business model. Keepic rewarding your best employees, we appreciate it!

    Recommends
    Positive Outlook
    Approves of CEO
  11. 7 people found this helpful  

    My Three Monitor Hell

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

    I worked at Provident Funding full-time (more than an year)

    Pros

    -Commiserating with other smart recent college grads stuck in the same situation you are: working for a terrible company because the economy is in bad shape and you need a source of income to pay for your student loans.

    -Developing a real sense of empathy for people who work jobs they hate to support themselves and their families

    -Gaining a nuanced understanding of Kafka by way of a tragicomedy of bureaucracy.

    Cons

    Depression; the inexplicable feeling of having something important and essential to your personhood forcibly removed by an uncaring, white-collar butcher of your dreams; having to explain what you do to other people; realizing that you spent four years at college and got a high GPA in a math-intensive program so that you could look at people's signatures all day and wonder whether or not a document needs to be resigned because the swoop on one cursive L is bigger on Page 2 than it is on Page 3; walking down the street and seeing people smile and having to wonder when the last time was when you were able to smile; insecure, incompetent managers who communicate solely by way of cliches and buzzwords and attempt to pit you ruthlessly against your coworkers all while preaching about the importance of teamwork; getting transferred to random departments to "help out" on projects without being notified that you will lose pay simply because of how the byzantine accounting department and computer system is configured; requesting that your pay be restored to its normal levels and being rebuffed by a spineless manager who has no interest in ever sticking up for you; being brainwashed by management into thinking that the brokers/closing agents don't do things "OUR WAY" because of their incompetence rather than because of how insane some of our requirements are; being informed by your superior that you will never receive a promotion or more responsibility, but that if you stick around long enough you will get more money; being told that you have to stop thinking about career advancement in terms of "vertical promotions" and that you should think instead about the prospects of "diagonal promotions"; rampant nepotism; becoming so allergic to the phrase "moving forward" that you have violent convulsions when you hear it; looking forlorn as you pass by children thinking about where all the time went; wondering how things got so bad that all you wanted to do was get laid off; curling into the fetal position after work and asking what on earth you did to deserve this.

    Advice to ManagementAdvice

    Shut down this company for good.

    Negative Outlook
    No opinion of CEO

Work at Provident Funding? Share Your Experiences

Provident Funding

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.