CMG Financial Loan Officer Reviews | Glassdoor

CMG Financial Loan Officer Reviews

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Found 5 reviews

2.5
StarStarStarStarStar
Rating TrendsRating Trends
29%
Recommend to a Friend
100%
Approve of CEO
Christopher George
2 Ratings
  1. Helpful (2)

    "Loan Officer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Loan Officer in San Diego, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at CMG Financial

    Pros

    LOVE this company. Fair and competitive compensation, good managerial support, good technical support, Excellent support team provided for submitting loans, great learning tools available to keep up on lending rules and changes. Good TEAM feeling. I will never work for another lending company.

    Cons

    Need to sharpen communication procedures, but I know that is in the works. Sometimes one underwriter will approve something that another underwriter will not.

    Advice to Management

    I wish underwriters would respond to my emails/phone calls. Seems like i have to get management involved to get a resolution.

    CMG Financial2016-12-28
  2. Helpful (2)

    "Loan Officer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Mortgage Loan Officer 
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at CMG Financial full-time for more than a year

    Pros

    Manual underwriting, Pre-approval prior to contract, closings in 21-30 days in most scenarios, underwriting 24-72 hours, paid comm twice a month. 1/2 of Zillow marketing co-branding reimbursed. responsive in most situations.

    Cons

    Branch manager altered terms of desk occupancy 4 months in. Marketing is below the curve technologically, reimbursement takes multiple submissions.

    CMG Financial2018-10-13
  3. Helpful (11)

    "A Nightmare with A Family Vibe"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Mortgage Loan Officer 
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at CMG Financial full-time for more than 2 years

    Pros

    The people are GREAT. Literally almost everyone, I can only identify 1-2 people I've interacted with from management down that I didn't thoroughly enjoy.

    Cons

    ZERO processes or support where needed. No onboarding/training process to speak of, people that are hardly qualified for their job working from home instead of the office where they can learn and improve, and management that spends more time putting out fires and getting loans through the pipeline than actually managing people.

    Advice to Management

    Take a step back, stop trying to grow so fast, and recognize that CMG doesn't even have the processes in place to support the business they do now, let alone to be adding branches monthly.

    CMG Financial2017-10-26
  4. "CMG Financial Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Loan Officer in Coronado, CA
    Recommends
    Positive Outlook

    I have been working at CMG Financial full-time for more than 6 years

    Pros

    Company is good size, but still nimble. Competitive interest rates.

    Cons

    401k match could be more competitive, but is improving

    CMG Financial2015-09-02
  5. "One of the best mortgage companies to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Loan Officer in San Ramon, CA
    Recommends
    Neutral Outlook

    I worked at CMG Financial full-time for more than 2 years

    Pros

    Great products and pricing. Very nice office headquarters. Peaople are nice and good atmosphere. Good suuport from management

    Cons

    If you do not produce enough (sometimes that happens) the underwriters would take very long to do your files. CMG needs to hire more underwriters. Most complaints from loan officers (unless you are a very top producer) are regarding processing.

    Advice to Management

    Hire more processors to back up all LOs, not just the few who are super producers

    CMG Financial2014-05-30
Found 5 reviews