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
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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 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 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

  2. 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 (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
  3. 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 (more than an 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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  5.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Mortgage Underwriter in Pittsburgh, PA
    Former Employee - Mortgage Underwriter in Pittsburgh, PA

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

    Pros

    The salary was not bad.

    Cons

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

    Advice to ManagementAdvice

    Treat employees with respect and provide work-life balance. Provide a matching 401k.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    PF is a great starting company

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

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

    Pros

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

    Cons

    Advancement 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 ManagementAdvice

    Make better efforts to tell employees how it is instead of offering positions and not providing

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    You are treated like a machine in a factory

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

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

    Pros

    Good 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

    Cons

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

    Advice to ManagementAdvice

    Provide 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

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Get what you give

    • 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 (more than an year)

    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 ManagementAdvice

    Keep 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

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    So so

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

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

    Pros

    -Helping people save money/afford their houses
    -You can create your own work outside of pure production if you have good ideas and management's approval
    -commission income when business is good
    -Ability to learn personal finance
    -Like-minded, helpful and compatible coworkers
    -Annual raise after OK starting pay
    -relatively flat org structure
    -Good training program
    -Understanding and communication with manager

    Cons

    -It took too long to be cross-trained from closing to underwriting
    -commission structure needs to be updated to new regional model
    -Small office setting with 6 people doesn't suit me
    -You hit the ceiling quickly (very few promotions)
    -Work can get repetitive, especially if you don't have authorization to perform different tasks
    -Looking for work when business is slow

    Advice to ManagementAdvice

    -Correct the commission structure
    -Give employees more responsibility
    -Match 401k contributions
    -Give more PTO
    -Allow more flexible schedule, like summer Friday

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    Company executes well, room for employees to take ownership

    • 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 (more than an year)

    Pros

    Flat structure, little micromanaging, breadth and variety of job duties, compensation, overtime often available, stable company, doesn't implement fads or gimmicks but builds momentum through consistent execution of the basics, leading to continuity in work expectations and environment.

    Cons

    "Soft" employee perks such as fringe benefits package and scheduling flexibility

    Advice to ManagementAdvice

    Opportunities for increasing scheduling flexibility without detrimentally affecting production exist and can be taken advantage of to increase worker satisfaction

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Underwriter

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

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

    Pros

    Training is available and you can get a job right out if college with no experience. Raises were always generous

    Cons

    Management often moves employees around without first discussing with the employee if that's something they even want to do.

    Advice to ManagementAdvice

    Provide a 401k match. Sick time/vacation days are minimal. Earning only one day a month for sick/vacation time doesn't allot for people to make dr appts, go on vacation and get sick in a year.

    Recommends
    Negative Outlook
    Approves of CEO

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