Provident Funding

  www.providentfunding.com
  www.providentfunding.com

Provident Funding Reviews

Updated December 3, 2014
Updated December 3, 2014
87 Reviews
2.7
87 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
Craig Pica
26 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 13 reviews)

  • It would be nice to have a 401k match and more leniency with make up time (in 11 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    It was time to go

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loan Processor in Santa Rosa, CA
    Former Employee - Loan Processor in Santa Rosa, CA

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

    Pros

    Good pay, good raises, good bonuses. What I admired about working with Provident was that for a mortgage company they did not let people go during the slow times. They pride themselves on not laying people off when things get slow and they stick to it. The job security was great. I'll always appreciate my time at Provident.

    Cons

    The culture was very positive when I started. Interest rates were low and Provident was hiring a lot of young people my age. I met some of my closest friends working at Provident. I was later moved to Colorado Federal Savings Bank (a new division at Provident) when the interest rates rose and that's where things went South… and fast. There was no structure, no plan, no training, no tools. We were thrown into an ocean without a raft. I appreciated Provident Fundings training program and moving to CFSB, there was none to speak of. My confidence was shot and things were slow… and I mean slowwwwww. I had to leave for my career and professional development. It was a hard decision considering I worked with some of my best friends, was only 8 minutes from work, and was paid well, but I was going nowhere fast.

    Advice to ManagementAdvice

    Be more organized and train your people.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2.  

    review

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    my boss treat me very well

    Cons

    the work is very intense

  3.  

    credit analyst

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

    I worked at Provident Funding full-time

    Pros

    The interview is fairly easy. The company offers high pay, which is good for new grad. They have decent PTO and provide good training.

    Cons

    Managers are rude. Co-workers are quiet and focus on their own work. The company raises the salary very year, but promotion is very unlikely. They don't match 401K.

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


  5.  

    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
  6.  

    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
  7.  

    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

  8.  

    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
  9.  

    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

  10. 2 people 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
  11.  

    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

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.