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
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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.  

    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 (more than an 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
  2.  

    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
  3.  

    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 (more than an 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
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  5.  

    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

  6. 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
  7. 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
  8.  

    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
  9.  

    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
  10.  

    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
  11.  

    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

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