Provident Funding

  www.providentfunding.com
  www.providentfunding.com
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Provident Funding Reviews

Updated September 24, 2014
Updated September 24, 2014
81 Reviews
2.5
81 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Craig Pica
23 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.  

    Just OK

    • 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

    Pros

    There are lots of opportunities for those that work hard, limit complaining, and buy into the company culture. It's a great experience as a first job out of college. You'll gain a lot of experience and, depending on the branch and department, you'll be rewarded for your success. I like working here because of my co-workers, who are all friendly and young.

    Cons

    Upper managers are promoted for random reasons, I still can't figure out why. Some people are managers who really shouldn't be, because they lack the people skills. Upper management is not very transparent, and we never really know what direction the company is going. PTO and benefits are at the minimum, as well as paid holidays, and there's no 401k match.

    Advice to ManagementAdvice

    Engage more with your employees. Stop promoting incompetent people to management.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 2 people found this helpful  

    Don't be fooled.

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

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

    Pros

    Easy work and most people are friendly. Pay is OK for a degree, nothing to rave about.

    Cons

    Don't be fooled by the good reviews posted for this company judge for yourself. All of the negative reviews are true. Any good reviews are either posted by the owners or some managers that believe the lies or who are asked to. As a matter of fact, some managers,operation support, and senior people are constantly complaining about the policies, the way the company operates, etc. It's not true that you are rewarded for hard work and that you will succeeded in this company. This company has lost many great employees and the ones still here are because they haven't found another job. We don't even have an HR DEPARTMENT.Most managers thrive on micromanaging and pressure. When I started here I was told that this is not a career but simply a stepping stone. Company loves new college grads Because they can pay them less. If you have been a senior and great employee, for the most part don't expect to be rewarded, instead they will give you a demotion but call it a promotion, simply a way to get you out the door.Only promotions are for the company owners, relatives, or friends. Company is vindictive, I'll leave it at that.

    Advice to ManagementAdvice

    Like they would listen.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    Sweatshop

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

    I worked at Provident Funding full-time for more than 5 years

    Pros

    Entry level position that allows you to get into the business, training is provided for employees which are targeted to be recent college grads, company is very lean and has strong structure

    Cons

    Managers will micro manage you, there really isn't any room for advancement, middle managers lack people skills, you will be treated like a robot

    Advice to ManagementAdvice

    Ruling by fear is not a way to lead

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 2 people found this helpful  

    A joke of a company. Wait for another job offer

    • 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

    Solid entry level pay for recent graduates.

    Cons

    Everything but the base pay, really. Deceptive and sub-par management (intelligence and critical thinking are detrimental to moving up to a departmental leadership role here), absolute lack of transparency in terms of decisions made at a corporate level, benefits start at a low level and remain there, and not only are lower level employees not allowed to enter into discussions about their future movement within the company, but they also are disparaged for trying to contribute meaningfully to the company's operations and told instead to get back to mindless production work.

    The same manager who offered you a 'promotion' from one role to another will, with a straight face, ask you to view a move back to the first position as something other than a demotion, despite it also reducing your salary. The only chance of making substantial upward movement within the company is to be located in one of the large hubs (San Bruno, Santa Rosa, and Pittsburgh) and gain the favor of one of the departmental managers - bonus points if they are a Pica, are related to a Pica, or are trying to become related to a Pica, which they usually are.

    On top of all of this, the mortgage industry is in a severe decline that is erasing the few decent opportunities that remain. The only positions available at this company are for the 'Servicing Analyst' role, which is actually a glorified collections position that does not require analysis skills, just regurgitating company policies to angry borrowers. Any and all positive reviews for Provident that appear on this site are written by the Picas and the company's spineless middle managers.

    Advice to ManagementAdvice

    Be less incompetent and/or condescending. Try occasionally having a straight forward conversation with your employees. People understand the mortgage industry is in decline but when you are dealing with employees who have spent four years and loads of money on college and you try to present a move to a servicing job better suited for someone with just a GED as an improvement, it destroys your credibility.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Not worth the college degree

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

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

    Pros

    Easy work - but very dissatisfying
    Young coworkers
    Nice raises

    Cons

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

    Advice to ManagementAdvice

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

    Negative Outlook
  7.  

    Good to start

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

    I worked at Provident Funding

    Pros

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

    Cons

    Limited upside career advancement, promotion not primarily based on performance

    Neutral Outlook
    No opinion of CEO
  8.  

    Great Company, Friendly Coworkers, Growth Difficult

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

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

    Pros

    Coworkers 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.

    Cons

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

    Advice to ManagementAdvice

    I know the company is doing well, reward employee's with better pay

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    it was a good exerience

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Provident Funding

    Pros

    people are nice and easy to work with

    Cons

    hard to advance in position

    Advice to ManagementAdvice

    get to know your employee better

  10. 1 person found this helpful  

    High level career opportunities in a short time

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

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

    Pros

    High 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.

    Cons

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

    Advice to ManagementAdvice

    Increase PTO and rewards for performing well.

    Recommends
    Neutral Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Learned a lot, suffered a lot.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Production Support Specialist  in  Santa Rosa, CA
    Current Employee - Production Support Specialist in Santa Rosa, CA

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

    Pros

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

    Cons

    Not the most exciting group of employees, SLOW upward mobility, management seriously hates you. Absolutely no respect for subordinates

    Advice to ManagementAdvice

    Haha...like you would ever change

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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