Wilshire Credit Corporation Reviews in Portland, OR Area

Pros

There is a frenetic environment filled with can-do people at Wilshire. The compensation is acceptable and the benefits are generous. They treat there employees well.

Cons

The productivity demands are enormous. There is an extraordinary amount of information to know and the changes to processes and procedures are daily. The training of new employees is lax.

Advice to Senior Management

The can-do attitude is great but the desire to respond to a given problem often appears reactionary and poorly thought out. Jay Memmot inspires terrific confidence as the CEO. He is the smartest person in every room and is sincere in his personal investment with Wilshire.

Pros

If you are looking for call center or interdepartmental job, its friendly and nice place to work if you want live in portland. If you work in a job that deals with management, it is a farm. Very unprofessional.

Cons

Unskilled management(lack of education). Lots of interdepartmental conflicts and arguments. Very stressfull work environment. The employee turn over is very high but in company statistics they find way to make that statistic blend with the call center stats.

Advice to Senior Management

Communicate to your employees, find ways to keep good people.

Pros

Can't think of anything. Better than McDonalds? Good name recognition in the financial services industry.

Cons

Cold, uncaring, arrogant management. Unless you are in the NY office, you are nothing and treated like the ugly stepchild. Funding for projects, much needed employees and resources, etc was not provided and they were content to let us struggle, with people working overtime as standard procedure. Management lacked vision and were constantly fighting fires without a commitment to a long-term strategy to improve it. They have problems retaining employees and yet won't approve replacement positions -- making a bad situation worse.

Advice to Senior Management

Have a heart.

Pros

Owned by parent company Merrill Lynch, which provides great benefits.

Cons

Managment is ineffective. Also pay and bonus pay is not related to performance. Technology is very poor and people in management fail to grasp even basic MS Excel use. People seem to be hired based on who they know as opposed to what they know. There is little oversight in professional integrity involved in loan servicing and loss mitigation departments.

Advice to Senior Management

They need to take a hard look at the type of people that are hired. Better training needs to be a priority. Underwriting integrity of LWO deals is practially non-existant, which could lead to legal trouble if something were to go wrong.